Credit growth has decelerated a little bit, but not enough, we think, to slow us down now".
The process needs to decelerate a little to stabilize the economy.
"I expect growth to continue to slow down a bit more in the fourth quarter as energy-saving and property-tightening measures take hold and exports continue to decelerate," said Wang Tao, China economist at UBS in Beijing.
It's like a mechanics problem: body A is travelling at a constant speed of Xm/s followed by body B, which is travelling at X-plus-a-bit m/s but then, at a distance of 10 metres, it decelerates at a rate of Ym/s.
A bit more, and it would decelerate and collapse in on itself.There are two reasons to think that the actual density does equal the critical density (ie, omega=1).
The Fed chairman's reputation has taken a bit of a beating this year as the economy has decelerated and the stock market gains of recent years have turned to losses.
These changes were decelerated in a long-lived mutant and accelerated in a short-lived mutant.
Just a bit... disappointing.
