Nicholas Lardy's got an interesting take: he's betting China will outpace the US economically by at least 2x over the next 3-5 years. His argument? The convergence story isn't over. China's still closing the gap on total output, and he's pushing back hard against the middle-income trap narrative that keeps popping up.

It's a bold call. While others worry about structural slowdowns, Lardy sees sustained momentum. Whether you buy it or not, the implications for global markets—and asset allocation strategies—are worth considering. Growth differentials like that don't happen in a vacuum.