[TigerLikesRooster]

Yes, led by China because its regime has most to lose if domestic situation deteriorates badly. It is not just about money. The trouble there could lead to regime change and whole other problems.

It is foolish to expect China to become consumers of the world, while the rest of the world start saving and rebuild their balance sheet. Both Chinese regime and Chinese people in general are now going to survival mode. You won't expect much increased consumption from them.

This is rather an elementary fact, but it was none the less lost among movers and shakers of world business.

[blam]

"This is rather an elementary fact, but it was none the less lost among movers and shakers of world business. "

Yup...I agree.

It wasn't that long ago though that some were saying that internal consumption would rise and make up for lost exports. WRONG!