Roubini forecasts a swiftly slowing China

[Renew Deal]

Roubini Global Economics, a leading provider of independent, global macroeconomic research, forecasts China’s 2016 GDP growth at 5.4%—well below the current Bloomberg consensus projection of 6.7%.

“Our recent trip to China underscored the myriad challenges facing the Chinese economy, which is now in the midst of a marked slowdown. Efforts to reorient the economy toward domestic consumption are not occurring quickly enough and President Xi Jinping’s stance on the reform question is a matter of considerable speculation,” said Chairman Nouriel Roubini. “The next few quarters will tell us whether he will commit to making serious changes or opt to maintain the status quo.”
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http://www.macrobusiness.com.au/2014/12/roubini-forecasts-a-swiftly-slowing-china

[jwirr]

1. All developing economies way back when should have built up their own domestic economy before

exporting. That is the way to real growth. When we worked that way we were much better off.

[1StrongBlackMan]

2. I tend to ignore ...

the writings of providers of independent, global macroeconomic research, that maintain their revenue streams by:

1) Shorting the market; then,

2) publishing and selling a newsletter announcing that their independent, global macroeconomic research indicates that the market will fall.

Even if they are (occasionally) correct (read: people believe them and bet against that market) ... it's a pretty sketchy business model.

[StoneCarver]

3. You may be right but..

Nouriel Roubini was correct in predicting the crash of 2008. Who knows if Dr. Doom will be right again. I'm glad I listened to him when I did. You can sense when someone is speaking truth or just BS -listen to the people not talking loud. Take his advice and weigh it.
Take care,
Stonecarver

[1StrongBlackMan]

4. I know about his prediction of the housing market ...

I'm not really that impressed since everyone that knew anything about the housing market had be putting out the crash flag since 2006. amd he has been preaching run away inflation and a crash of the dollar since 2009 ... if one has been listening to him, in these years, one would likely have lost more the they made by listening to him about the housing crash (unless one went really, really long)>