"We'll do OK so long as China keeps motoring along"
However,
There is a view that China is building more infrastructure/faster than is needed and there will need to be a pause to fill the empty infrastructure, combined with Chinese new discovery of debt and investing that could bubble. If US stocks run out of puff and China pauses, that is a lot for the world economy to absorb.
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- Lessons from the October 1987 crash
Lessons from the October 1987 crash, page-19
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