Think again about bullish outlook

Dallas Morning News | Danielle DiMartino:

"The U.S. has had to forge a hugely dependent relationship with China to keep our economy up and running. We buy Chinese goods on credit; they wash their dollars back through our Treasury market. Slowly, we become a nation of people bought and paid for."

The day of reckoning has to come some day. Like the stock market bubble of the late '90s, like the housing bubble of the first half of this decade, like Google's stock price barreling past $400, the day of reckoning is inevitable. But, for now, it's in the interests of both the US and Chinese governments to delay that day for as long as possible. It's the American consumer, going deeper and deeper into debt, who will have to pay the price some day. And that day gets closer every day.