BOSTON (MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed.
For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.
And it’s a lot closer than you may think.
According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now.
Well, Obama said that American exceptionalism is no different from Greek exceptionalism, so I guess now he’s wanting us to follow the path Greece did… once a world power, now… well, to be brutally honest… not so much.