Don’t Call It A Boom

Central to this boom thesis is China, in no small part because China is and has been central to the global economy. If “globally synchronized growth” is anything other than a projected slogan, we should see it inarguably in China’s numbers. What we find instead isn’t booming, but its opposite. Because that kind of interpretation is so far now from the norm, maybe that’s why even people who pay attention to Chinese econ stats don’t appear to think they are all that bad.