World's coolest economist (Pettis) hot on his numbers

``... it is hard to imagine a much cooler character than the casually dishevelled American who greets me at his hole-in-the-wall underground rock club, buried on an otherwise nondescript street in Beijing's university district.... these days Pettis is not picking a GFC-style crash. He wrote in December that while a "banking crisis in China is always possible ... as long as Beijing implicitly or explicitly guarantees deposits, and as long as Beijing's credibility with Chinese households is solid, and I believe it is, I think we are more likely to see many years of Japanese-style 'zombie banks' than a banking crisis".''