China is 10% of the world GDP (source: IMF). The EU is 22% and the USA is 20% of the global economy respectively.
I just cannot believe that China, with so may development problems, is going to pull us out of our problems. Let's be serious! How can you think the TV pundits who tell us China is going to be the global locomotive. China is still very much dependent on the West to grow.
To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.
I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.
George Dagnino, PhD
Editor, since 1977
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