Kedar Grandhi, ICH, reports "Albert Edwards, a strategist at Société Générale bank, has warned of an impending global financial crisis similar to the one that occurred in 2008-09. This time, he said, it could lead to the collapse of the Eurozone.
"But here’s the worst “what if”: What if we’re having a presidential election but no one is even asking these questions, let alone “what if” all of these tectonic plates move at once?
How will we generate growth, jobs, security and resilience?" Thomas Friedman, NYT
In summary, China is rapidly approaching an economic hard landing that imperils the global economy and it's failure to face this reality only deepens this impending global threat.
Allen L Roland, PhD