MOST OF AMERICA'S GDP IS CONSUMERS... AND IT IS NOT NEWS THAT THE MIDDLE CLASS IN AMERICA IS ENDANGERED BY THE WALL STREET GREED AND LOOTING...
CURIOUSLY...THE CHINA GROWTH STORY COULD BE DERAILED BY THE SAME THING THAT IS DERAILING THE US ECONOMY....THE FAILURE OF THE AMERICAN CONSUMER TO CONSUME...
ADDITIONALLY...THE US ECONOMY IS NOW IN ITS FIRST POST BUBBLE PERIOD...WHAT LITTLE GROWTH THERE IS COMES FROM MASSIVE DEFICIT SPENDING AND MONEY PRINTING BY THE FED...
THAT STORY TOO COULD REVERSE FAST...
THERE IS VERY LITTLE ON THE HORIZON TO STOP THE DECLINE OF THE US ECONOMY...AND ITS SUPPLIERS IN CHINA... BOTH WILL SLOW QUICKLY LATER THIS YEAR...
AND PLUNGE TO DEPRESSION LEVELS IN 2011....
INDEED THE COMING CHINA COLLAPSE COULD BE MORE DANGEROUS THAN THE COMING US DEBACLE...
