DR:
(One proviso: we shouldn't confuse the US meltdown with global apocalypse. The BRICs are experiencing a rapid recovery, the EU is turning the corner.)
JG:
However, many economists, and not only neo-classical or Establishment-friendly ones, are auguring that the Chinese real estate and stock bubbles will soon pop. And this in turn will hammer China's raw material suppliers who have ridden the CCP's stimulus spending back to recovery. I don't have a clear idea myself of how sound these forecasts are, but I think you're misrepresenting the global picture just a bit.
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