Bad economic news from Asia that started in Europe – and might be bad news for America and every other country living beyond its means these last 15-20 years. Apparently, like the old saying goes, “there is no free lunch”.

UH-OH: credit crunch, manufacturing down, declining prices, all across Asia, and it’s all connected to Eurozone banking and financial strain: Asia Strains Under Euro Crisis (from the WSJ).

Place your bets, people. The bears have been warning us about this . . . .

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