Wednesday, September 9, 2015

China in short term trouble but longer term growth exists

I think China from a cyclical point of view is in a very serious downturn but from a secular point of view I think there is still tremendous growth opportunity in the long run.

Don’t forget the US after 1800 had numerous financial crises and depressions, a civil war and went through World War One and the depression years and the country continued to grow.