Global War of Words - China is Slammed by Developed World Financial Press
China sentiment has been beaten down by WS and US/Europe Central Bankers. Since the China market bumped up last fall, there has been no good news anywhere, not because things have changed but that the financial media is making up stories about how risky China is. I only ask these people, whose job it is to keep capital in the developed old world, where is your alternative? The WSJ yesterday had another daily negative story about China (they have lost all credibility in my book) that said that growth could (unlikely) fall all the way to 5% growth in GDP. So, yoiu gonnat take growth or recession here and in Europe? Short Europe, buy China and other EMs.