13 - Joseph Gagnon on Quantitative Easing in the United States and Abroad
Macro Musings with David Beckworth
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The Global Economy Isn't as Bad as the Pessimists Are Making It Out to Be
I think people are really focused on china a lot and worried about bemelt down in china. I don't think that's going to happen, because i think the chinese continue to have more levers of control over their economy than we normally think of in advanced economies. A lot of emerging market commodity exporters had borrowed al a bit too much in dollars,. And so theyr having to serveic debts that are alittle bit burdensome. You know, brazil has had a horrible reception, but there's some hope that the new government is actually taking this opportunity for major reforms.
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