thecadean

Growth in World Per-Capita Real GDP to Continue

What are you smoking??
We will be lucky to go back to a flat line economy. I have traveled the world over three times in the last 5 years and continue to hold hope on the china econ. However, the rest of the world will simply rot. India and Latin America are dysfunctional democracies, US is still living in a Disney like economy (they still believe the dollar has some value, and Russia's oil bubble has popped (can you say Iceland.)

With all respect... Dr. Perry, How long have you been working for the Bush administration?? Please step outside the office and take a walk with some of the real people. Like 20% of the Europeans that are seeking employment. We built and artificial economy based on a false belief that assets can substitute for manufacturing. Now that the real estate mark has returned to normal, we now must return to true growth not financially engineered growth. Aisa is the only market prepard to take the next step.