I don't really see a chance of a severe situation as occurred in 2007-2008. This is just a long overdue correction, in the US, of the market, something that happens, until recent years, with fair regularity. Also, the key players in Federal financial strategy now are not the same ones we saw in the Bush administration who fiddled while Wall Street went on an arson spree. This situation may have a broader impact on China, but, after the keel settles, we'll still be afloat...
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