Comments on: Chinese growth to slow, but don’t expect global ruination http://www.crikey.com.au/2008/10/20/chinese-growth-to-slow-but-dont-expect-global-ruination/ now with extra source Sun, 22 Nov 2009 04:36:07 +1100 http://wordpress.org/?v=2.8.6 hourly 1 By: Tom Conley http://www.crikey.com.au/2008/10/20/chinese-growth-to-slow-but-dont-expect-global-ruination/#comment-15502 Tom Conley Thu, 01 Jan 1970 10:00:00 +0000 #comment-15502 Surely a better strategy at the moment for a finance journalist would be not to ridicule those who see things less cheerily than others. <br /><br />Many of the boomers were knocking those of us doomers as hopelessly unaware that the world had changed - "this time it's different" <br /><br />One is also reminded of Roubini's predictions in 2006 being subject to extreme ridicule. <br /><br />A bit more circumspection from finance journalists and market economists might actually be in order in today's environment. Just a pity that it didn't come earlier - too many of them continued to believe that capitalism had surpassed the laws of gravity until it was way too late. Surely a better strategy at the moment for a finance journalist would be not to ridicule those who see things less cheerily than others.

Many of the boomers were knocking those of us doomers as hopelessly unaware that the world had changed - “this time it’s different”

One is also reminded of Roubini’s predictions in 2006 being subject to extreme ridicule.

A bit more circumspection from finance journalists and market economists might actually be in order in today’s environment. Just a pity that it didn’t come earlier - too many of them continued to believe that capitalism had surpassed the laws of gravity until it was way too late.

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