From OhmyNews International:
The buzz in economic and market circles is the possible overheating of the Chinese and Indian economies and other similarly high-growth markets. Adding concern is the apparent threat of recession exhibited by the world’s largest importer, the U.S., and, more recently, by the failure of its subprime lenders, those catering to higher-risk borrowers.
A working definition of “overheating” is consistent with economic common sense. According to Wikipedia, “Overheating of an economy occurs when its productive capacity is unable to keep pace with growing aggregate demand.” [Full Text]
