China's 'Minsky Moment' and an inevitable second referendum
Edward Harrison | Jan 22, 2019 |
China's slowdown
Let's start with China today because yesterday the Chinese released their worst growth figures in 28 years. The 6.4% growth number was expected. Even so, the problems are large. Here's how Reuters described it yesterday:
China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, d…