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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Roubini Calls for Hard Landing in China (After 2013) | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="2QkIo91BPf"&gt;&lt;a href="https://www.nakedcapitalism.com/2011/04/roubini-calls-for-hard-landing-in-china-after-2013.html"&gt;Roubini Calls for Hard Landing in China (After 2013)&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2011/04/roubini-calls-for-hard-landing-in-china-after-2013.html/embed#?secret=2QkIo91BPf" width="600" height="338" title="&#x201C;Roubini Calls for Hard Landing in China (After 2013)&#x201D; &#x2014; naked capitalism" data-secret="2QkIo91BPf" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>During the financial crisis, pronouncements by Nouriel Roubini would move markets. Even though he still commands attention, in a investment environment driven by blind faith in the munificence of central banks, being focused on the real economy isn't as relevant as it once was. And Roubini may have erred in trying to maintain his high profile when the trajectory of the economy was hard to discern (recall the seemingly unending debates over V versus U versus W shaped recoveries? The net result is the new normal has been designated a recovery when it it looks more to be a sideways waffle).  By contrast, China has trends underway that simply cannot be sustained, but a command economy can keep that sort of thing going well past its sell by date.</description></oembed>

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