Comments | the_recession: Société Générale: US likely heading for Depression. China could implode.

cieldumort in the_recession

Société Générale: US likely heading for Depression. China could implode.

Jan 15, 2009 21:37

Reuters:Depression ahead, prepare for stock rout: SocGenLONDON (Reuters) - Societe Generale said on Thursday that the United States' economy looks likely to enter a depression and China's could implode ( Read more... )

trade wars, stock markets, depression circa 2009, société générale, china

Comments 4

ytterbius January 16 2009, 04:18:05 UTC

So, what do you think happens with China? They aren't in the news much, kinda forgotten since there's no fighting there, not many Arabs or Muslems, and no oil. The fact that they make so much of our stuff is pretty easily forgotten.

It seems like right now, China is planning to spend big money in their domestic markets to support demand. To move some of that demand from the US.

cieldumort January 16 2009, 06:33:32 UTC

I dunno. As the world's third largest economy, behind only the US and Japan, China struggling to keep its head above water in this global economic environment, especially considering how they have been our big buddy banker these last several years, is not reassuring.

kencf0618 January 17 2009, 02:28:26 UTC

Social unrest in China is a big deal. It's one-fifth of humanity, after all...

cieldumort January 17 2009, 03:41:51 UTC

I still find it remarkable that when Chinese get laid off they take to the streets and riot, and this is acceptable in their society/to their government.

Would have been a sight to see in front of Bear Sterns lol