How could the long "1990's Period Play" unwind not cause global disruption like large war? Remember all wars are started by insiders whose mooched wealth is threatened. WW3 will start because Congress will point the finger as SHTF.

watching China come apart at the seams is like watching a heavy cargo train wreck happen in slow motion. I hate to say it but right now China needs a little destructive creativity The Chinese government has spent a lot of the last 20 years trying to get away with avoiding economic reality. A collapse there *could* be turned into a good thing. Among other things hopefully they will learn a lesson. In the meantime manufacturing will be in pretty bad shape there. Also, folks will start finding reasons to avoid doing business there. The work however will still need to be done. So, it will have to go someplace. That will create a load of opportunity all over the place. Then there are the final prices to be paid in China. Their one child policy has resulted in a very lopsided population. There are a very large number of young men over there who have no hope of getting married and having kids. This is a sort of problem that is generally really bad for a society. Eventually a bunch of frustrated 20 something guy will come to the conclusion that they have nothing to lose if they started to make a revolutionary mess. Of course it takes a final push for something like this to happen. Like unemployment and high food prices. Right now the rails are splitting, soon the cars will start jumping off the track.

Ice-9'd - a fabulous metaphor. You are a fine writer and have covered very complex topics. You have earned a bookmark on my toolbar.

More and more analysts are expecting our market to be "under pressure" this year. China and Russia may burst our bubble as well.