Thoughts on China
I have seen a couple posts on economic decline in China, one from naked capitalism.
I have thought longer term China would do better but right now it seems they will be quite hard hit. They had a lot of activity around getting ready for the Olympics and they have a strong manufacturing base. Well, with an aging population I tend to think the buying spree will be much lower. I think the baby boomers have pretty much everything they need and much of their spending is truly discretionary. Contrast that difference with every other recession that today's investors have lived through.
I think consumer spending will simply be less and that will hurt China's recovery more.