This is an insightful, must-read article from leading macro-economist, Gavyn Davies, writing in his FT blog. Check it out!
China’s policy failings challenge the Fed | Gavyn Davies
Personally, I’m of the opinion that the Fed will delay an interest rate rise. However, if there’s continued volatility in financial markets, the probability of more quantitative easing increases.
Gavyn Davies provides some sound economic policy options for China and it will be interesting to see what transpires.
Thoughts?