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Spengler — Western contempt for China turns to panic

Summary:
Interesting article by a American economist on the Chinese economy, showing how most US economists misread events there. Goldman is on the side of the US maintaining hegemony but his analysis shows how and why this is just wishful thinking if the current trend persists, and there is not much the US can do about it without confronting the Thyudicides trap.Asia TimesWestern contempt for China turns to panic Spengler (David P. Goldman) Poking sticks into the dragon's liar is a dumb move guaranteed to result in lose-lose. Threats against China could result in another Great Depression Ken Moak | Associate Professor and Department Chair at Tarrant County College, Dallas/Fort Worth

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Interesting article by a American economist on the Chinese economy, showing how most US economists misread events there.

Goldman is on the side of the US maintaining hegemony but his analysis shows how and why this is just wishful thinking if the current trend persists, and there is not much the US can do about it without confronting the Thyudicides trap.

Asia Times
Western contempt for China turns to panic


Poking sticks into the dragon's liar is a dumb move guaranteed to result in lose-lose.

Threats against China could result in another Great Depression
Ken Moak | Associate Professor and Department Chair at Tarrant County College, Dallas/Fort Worth


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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