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Our central view is that the economy will avoid a hard landing.
Mr. Greenspan seems pretty certain that the economy is going to avoid a hard landing.
Second, although China will avoid a hard landing, it will not be much of a spur to global growth.
So, can the policy makers avoid a hard landing and push up the unemployment rate without tripping into a recession?
Money center banks, regional banks will do well, particularly if people believe the Fed will avoid a hard landing.
"I think they will be able to avoid a hard landing, simply because they have done it before".
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"Japan shows the importance of avoiding a hard landing," Professor Makabe said.
The backdrop of a steadily recovering U.S. economy, China avoiding a hard landing, and Europe having a framework to skirt a systemic breakdown bodes well for the market.
It looks premature to conclude that China's economy has avoided a hard landing, but the bearish sentiment toward China may be shifting as we approach the 18th Party Congress.
Xianfang Ren, an economist at IHS Global Insight in Beijing, commented that Friday's data confirmed "that the worst is probably over for the economy and that China has avoided a hard landing," But it was "quite a narrow escape".
If Asia's central banks also remain willing swing purchasers of the dollar, that may seem cause for relief: it suggests that things will go on much as they are, avoiding a hard landing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com