China Doomsayers Are in Fashion

China Doomsayers Are in Fashion

Not long ago, those who predicted that China's economy was headed for a fall were in a lonely place.

U.S. economist Nouriel Roubini, widely praised for calling the U.S. housing meltdown, was dismissed as a serial contrarian when it came to his pessimistic China views. So was well-known hedge fund manager Jim Chanos. Lawyer and author Gordon Chang was derided as a Chicken Little for his 2006 book "The Coming Collapse of China."

Suddenly they're all Nostradamus.

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