Bernard, Only unsuspecting if you were caught up with the crowd.
Grossly inflated real estate prices were the big clue and stupid programmes on TV showing glamorous homes selling at outrageous prices, with the vendor wondering what to do with all the money. Punters all over the world borrowing money against their houses for cars, travel and high living, like the run-up to to the 1987 crash
My neighbour is one of them, a huge a house, a garage bigger than most people's houses, a big spender, now having to sell because the mortgage is killing him.
The Economist picked the real estate bubble years before everybody else.
The USA will remain the primo power because asians don't have the imagination to invent things, copy things, yes, invent, no. They don't have the political systems either.
I'd say it's 50/50 whether China descends into chaos in the next few years because of the supression of ethnic minorities.
You can bet on the USD remaining the reserve currency.
