Monetary Policy Appears Close to Its Limits, Says Wilson

The transcript discusses the US economy's solid performance, with unemployment at 5% and gradual wage pressures. It predicts interest rate hikes in 2017, considering the strong dollar and financial conditions. The neutral rate is debated, with expectations of growth due to population and productivity increases. China's economic situation, including capital outflows and currency depreciation, is analyzed, with a focus on policy adjustments and growth stability. Concerns about China's credit-driven growth and potential future issues are highlighted.

Discuss the potential long-term concerns regarding Chinese economic growth.

What role does credit play in the current growth story of China?