Forget about the strong growth in Asia.
If the US and Europe slow down (their leading indicators point to weakness ahead), what is China going to do? Where are they going to send their exports? Who is going to buy them?
Certainly not the Chinese population, which is earning close to $5,000/year.
So, how can Asia become the growth engine supporting the global economy from a painful readjustment?
Bottom line. If the US slows down, the global economy will be in trouble.
More on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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