This was a lethal quote from Chinese Vice Premier Wang Qishan to Hank Paulson following the 2008 financial crisis. From the book “The Avoidable War”. Read to the end:

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By the same token, the post-GFC recovery was remarkably swift, which shows that the US’ ability to recover from even the deepest crises is second to none.

Japan and some European countries have experienced decades-long economic quagmires following a crisis