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Original Article on http://www.zerohedge.com/news/michael-pettis-revisits-12-predictions-china
Via Michael Pettis of China Financial Markets,
In 2006 I started making a number of predictions based on what I thought was the necessary and logical development of China’s growth model. Some of these predictions seemed fairly outlandish, especially to China analysts – Chinese and…
Added by Dip Chowdhury on May 4, 2012 at 10:26am — No Comments
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Edward Conard, a retired…Continue
Added by Dip Chowdhury on May 4, 2012 at 10:23am — No Comments
There are far more jobless people in the United States than you might think.
While it's true that the unemployment rate is falling, that doesn't include the millions of nonworking adults who aren't even looking for a job anymore. And hiring isn't strong enough to keep up with population growth.
As a result, the labor force is now at its smallest size since the 1980s when compared to the broader working age population.
"We've been getting some job growth…
Added by Dip Chowdhury on May 4, 2012 at 10:22am — No Comments