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I don't think that the problem is underestimating the Chinese, but rather that people are overestimating them. My guess is that the country will continue to become richer, and that living standards will push their way up that of the West. Economic activity will move up the value chain, and...

I'm not convinced that China is guaranteed to dominate the world in the coming decades. There was a similar expectation about Japan in the late Eighties, and that didn't end well for them. My guess is that at some point China will stumble, and that growth (and our expectations) will shrink...

A lot of the UK press is extremely hostile to the EU, and the line has been that the Euro will break up as soon as any sort of crisis hit... ... Ironically it's ridden out the GFC far better than apparently better established currencies. I think that there are still issues to correct, and...