Heart attack city

I love Asia Times on Line (AToL). The quality of the articles have been consistently high.

One of their columnists Chan Akya just wrote an article “Honey, I switched the medication.”

The author suggests the rebalancing of the US economy and the Chinese economy. In my opinon the author is calling for controlled implosion that will occur anyway. The re-balancing of the US economy could shrink the economy by as much as 30%. The Chinese economy could shrink by as much as 20%.

This is definitely a case of desperately hoping somebody is wrong but fearing that they are right. The Australian economy would also shrink (by as much as 20%), at worst case an Argentinian level crisis.

I wonder what guinea pig tastes like?


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