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Whither China's Vassal State

By Implode-Explode Heavy Industries

" Looking at the aftermath of the financial crisis, the two major consequences that will define US economic trends for an extended period of time, are the increasingly more frugal US consumer, whose savings rate is likely to increase gradually to the long-term low double digit average, and an ongoing outflow from equities into safer assets such as municipals, bonds and loans, as the maturing baby-boomers finds the volatility of the engineered equity market far too risky as they enter retirement age."

Full post as published by Mortgage Lender Implode-o-Meter on December 27, 2009 (boomark / email).