
The Rewind: On The Couch
The Memo by Howard Marks
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China - A Hard Landing in the US?
The possibility of a hard landing in china is of the greatest significance when you combine magnitude potential ramifications and probability of its occurring. But i have to admit that i'm not as relaxed about this as the previously stated analysis says i should be,. if you like, i lack the courage of my complacency. Good or bad news in one major economy affects animal spirits in others. So i worry that china may export its woes in ways back of the envelope calculations. The bottom line for me is that a re run of the global financial crisis isn't in the cards. Because most businesses have been particularly loath to expand their facilities, i don't think they'll be slammed if revenues
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