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The Bull Market Is Back
If the Chinese economy does spiral downwards, that exports deflation around the world. So then we could conceivably being this period where at a Canadian economy is not growing at 1% anymore. The American growth story rolls over as well because it's... If China goes into a tail spin, it means that their importing inflation is coming into China which by default means their exporting deflation on the other side. And if that's happening, you will most definitely see the central banks in the western world start to cut rates rapidly.