Michael Pettis Links on Global Outlook, Japan, and the U.S. Dollar

Michael Pettis had a recent  article in Foreign Policy continuing his concern that the U.S. dollar as the world's reserve currency is a drag on the U.S. economy.

I have not had the time to write about Pettis' last two private newsletters and here are the abbreviated public versions:  On August 17th, he gave his long term outlook for China, the global economy, and the eurozone (very pessimistic) and, on August 25th, he wrote about Japan in which he disagrees with those who would compare the U.S. and Europe to Japan, because Japan's imbalances in the 1990's were different (I, myself, have maintained Japan is like Japan).  You are not getting the full versions, but are getting the full extent of his thinking.

I particularly encourage readers to look at his eurozone assessment/predictions given the current approach to a horizon event in Europe with Germany, the Netherlands, and Finland poised to pull the trigger on Greece and sacrifice Italy (the third largest economy in the eurozone).

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