Yep the rest of the worls is going broke as well, Oh wait China is not looking too bad.
Unfortunately what i’ve been hearing for the last few months, is that the hot coastal areas are another bubble that is popping. The low end manufacturers there are losing business to factories in Vietnam and Western China, based on cost/pricing. I’m also hearing/reading that the urban real estate (office space) market is about to collapse, much as tokyo did in 1989-90.
Besides China holds more US debt than anyone else, so if we go broke, they’re left holding our debt. Talk about getting the last laugh! :Cry: