China and India will face depression as US and Western Europe face mild recession in 2007
Sam Adelton
Sep. 26, 2006

The worldwide economic collapse has started. The stock markets in US and emerging markets are making or planning to make new highs.

When the main street realizes the recession is here driven by US real estate bust, the US consimers will first withdraw. The service sector in US will also implode.The net result will be much worse in India and China.

Japan will be affected but to amuch lesser extent. Europe will be least effected.

Smart money is leaving the emerging markets and getting placed in US trasury bonds. Canada will emerge as one of the most prosperous economies.

Japan in recent days have transfered its manufacturing for the US market to China. When US is in recession, China will be worst affected - not Japan.

China and India will eventually emerge as stong economic and geoploitical powers by 2020. They will become less dependent on US consumers and will focus on trade between themselves.

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