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Extremely Late to the China Slowdown Thesis Party
by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis
Goldman Sachs CEO says China Growth to Have ‘Huge Consequences’ Globally
Goldman Sachs Group Inc. Chairman and Chief Executive Officer Lloyd Blankfein said China’s economic growth will have “huge consequences” for global expansion prospects.
“The China growth story is going to be the story of the next 30-40 years,” Blankfein said in an interview with John Dawson from Hong Kong while attending the Goldman Sachs Global Macro conference. “There are going to be interruptions.”
Goldman Sachs will be careful not to “overfund” its own operations in China, Blankfein said. The New York-based bank will “scale our investments to the opportunities” there, he said.
Blankfein is extremely late to the recognize the China slowdown implications. I have been discussing the implications of a China slowdown for 2-3 years at least. Here is a sampling.
Continue Reading at GlobalEconomicAnalysis.Blogspot.ca…
Source: http://financialsurvivalnetwork.com/2014/02/extremely-late-to-the-china-slowdown-thesis-party/?utm_source=rss&utm_medium=rss&utm_campaign=extremely-late-to-the-china-slowdown-thesis-party
