Thursday, July 7, 2011

Is the sky really falling this time?

Disconcerting article from Market watch....Age of America Nears End.  The IMF is estimating that China's share of world GDP will surpass that of the US by 2016.

Previously, in the late 80s, the big scare was that Japan would surpass the US.  But, the Lost Decade may have killed that prediction.

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