In historical adjustment periods, most predictions about how the world will look are wrong, so it is better to avoid making many specific predictions and simply state that adjustment is inevitable and will happen one way or another.
normativepending
Speaker
Michael PettisEvidence Quote
“Almost all of them will be wrong.”
Source
Michael Pettis: China’s Consumption Crisis Is The World’s Crisis— The Monetary Matters NetworkCreated: 8/11/2026, 7:19:34 AM
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