The US, its policymakers, its investors and its analysts are in thrall to a foolish narrative – that China must and will fail. The consensus on this is as breathtaking as it is arrogant and they are all guilty of ignoring what's really going on in China, where emerging markets are actually headed and what medicine the American economy really needs.
from Steen Jakobsen - Authored content http://ift.tt/1L0rvxr
Steen's Chronicle: Meet Mr and Mrs Consensus
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