Forget China. ‘Hard landing’ in US, Europe: strategist
Posted by seumasach on March 13, 2012
Developed markets are too dependent on consumption and credit, and may be running “the wrong model of growth,” said Gallo, who believes that China and India are on the right path even though they have a long way to catch up with the West.
“They have real income growth, we don’t,” Gallo said.
13th March, 2012
Developed economies are still experiencing an economic “hard landing” after the credit crunch, despite data showing small increases in gross domestic product, and investors should worry more about the West than about China, which is managing its slowdown, a currency strategist told CNBC.com on Tuesday.
In These New Times 
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