how would we hold up?, page-5

Perhaps you and Alan are right. If we presume that the property bubble in cities like Shanghai and HongKong is funded by borrowings from within China, then bursting of this bubble won't have the contagion effect that the Sub-Prime event did. So presumably it would not have the effect on credit mkts that Sub-prime did, which means that we would be OK on that front. We would not be able to resist the crash in general market sentiment and would suffer some sp decline. As you say, another buying opportunity?