As Economies Gasp Globally, U.S. Quickens congratulates the latest U.S. growth of 3.7% yet laments the slow recovery. What is great about our economy is its bottom up and therefor credible bubble free growth that will be looked on as part of a long streak of growth similar to the post war economy of the 1950's.
China's authoritarians on the other hand dealt with the economic crisis of 2008 by over investing in housing and recently the stock market to manage statistics that give the illusion of growth. The consequence is that the apparatchik has zero credibility and is without an economic messenger the likes of Standard and Poors and Dun and Bradstreet that self developed in the U.S. in the 19th century to help free markets guide China forward. One observation that China may suffer a lost generation to recession similar to Japan's is quite astute and until Xi Jinping decides to shift gears by embracing a business free press there will be no track for the locomotive to drive his economy above it's current plateau.
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