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Sorry, China. It looks like we're pretty much done being your exponential growth engine.
August 11, 2013
China Faces Years Of Slowing GDP Growth, Top Strategist Says
“We need to get used to the fact that the boom is over,” said Andy Rothman, China macro strategist at brokerage CLSA. “The days when you could just roll out of bed and make money, or the days when you could expect that the growth rate for most things was going to be faster next year — that’s done. We should expect that for the foreseeable future, every year on average, most major economic data points are going to be growing more slowly.”
It could never happen here of course. This is America. Thanks to perma-ZIRP, booms will never end again! Hurray!
Don't mind us we're just spilling our guts
If this is love I don't wanna be hanging by the neck
Before an audience of death
If this is love I don't wanna be hanging by the neck
Before an audience of death
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Source Data:
St. Louis Fed: Custom Chart
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