Wednesday April 1 ASXSPI200, page-140

I wouldn't write the US off just yet. It's fairly early days with this and although every ones a loser, the race is to see who loses the least, being the relative winner.

There are a lot of opinions and we all have them but if you look at what the markets are saying, they say the Shanghai is trading equivalent to 2007 and the US equivalent to 2017. So as of now Chinese listed major companies are worth no more than they were 13yrs ago and the US major companies are worth about 55% more than 13yrs ago.

You might be talking the US down, but in the background your super fund and all the others have been placing their bets on the US.