By Mike “Mish” Shedlock (Guest Post)
In his latest Email update, Michael Pettis at China Financial Markets discusses the in more detail the likelihood of a Eurozone breakup. Until the label “End Pettis”, what follows is from Pettis and anything in blockquotes (indented) is a reference that Pettis quotes. Logistics of Denial by Michael Pettis Slow growth is embedding itself solidly into the US economy and the bond mayhem in Europe continues. The external environment for China is getting worse. This will almost certainly make China’s adjustment – when Beijing finally gets serious about it – all…
***This is a preview. Please click on the post title or go to http://www.econmatters.com for full content. ****
