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 Pettis

Evidence Quote

Almost all of them will be wrong.

Source

Michael Pettis: China’s Consumption Crisis Is The World’s CrisisThe Monetary Matters Network
Created: 8/11/2026, 7:19:34 AM

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