Tag Archives: globalization and collapse

Imbalances, Disequilibria and Correlation Traps

Posted on 28 October 2012 by Michael Pettis

by Michael Pettis, China Financial Markets Chiwoong Lee at Goldman Sachs has a new report out (“China vs. 1970s Japan”, September 25, 2012) in which he predicts that China’s long-term growth rate will drop to 7.5-8.5%.  I disagree very strongly … Continue reading →

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Globalization and Minsky

Posted on 12 June 2012 by Michael Pettis

by Michael Pettis Author’s note: About ten years ago I published an article in Foreign Policy that I just recently re-read. In the article I extended one of the arguments I made in my book, The Volatility Machine, that the … Continue reading →

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