Friday, February 19, 2010

Where Will the Growth Come From?

Roubini: Dollar Will Not Weaken Much From Now On, Where Will the Growth Come From? It Won't

* The question is whether China will have a soft landing or a hard landing. There were two episodes of China tighteninglatelty, in 2004, when there was a soft landing, and in 2007, when there was a hard landing. He thinks this time it will be like 2007.
* The reported 5% GDP growth was due to inventories
* US growth will slow down in 2nd half of the year as stimulus dies down
* Dollar will not weaken much, where is the growth coming from?

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