You keep posting inaccurate data. China was a trillion us$ nation a few years back and even India became a trillion nation this year. Both are growing at ~10% and the Asian economy is now almost equal to US and growing fast.
Rad Satyajit Das over the years and agree that he is pretty up front on the issue. Today on Bloomberg another reputed neutral/bear Roger Kubarych talks of a slow down and not a recession for 2008, mainly due to CPI and oil than the subprime. Dug deep, most prime commentators in my view don’t see subprime as a major constrain.
Most these commentators undermine the FED, Pollies, corporate muscle and the flexibility of the modern finances. That’s the living for most of them anyway.
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