There is no crash happening atm. I think its a dud crash.
China is down less than 0.9%
Japan down 2%
NZ is down 0.6%
The rest of Asia is down around 2.5%
There is a big difference between the European Debt Crisis and the GFC. This time we know who has all the toxic debt and who is exposed. It looks like those banks are already quarantined and left to sink. (Up to Europe to sort out the mess.)
The US can pull itself up by the bootstraps with QE3 and by targeting the housing industry.
