Loading ...I told everyone here and at G-E that the 08 meltdown coincided with China’s TOP and USA’s bottom. Japan peaked in ’89, China peaked in ’08, and the USA prosperity peaked in 1975. BECAUSE of that, 1975 to 2008 decline, the USA is the most “needy” and has global priority.
All other countries had a loaf under each arm in 2008, USA was on the balls of its ass in 2008, proof being low wages, no savings for 20% down, and not able to pay down loans on inflated r/e values.