recession, really since the start of the reform era back to the late 70s and early 90s even the great recession was a stimulus. what would the impact on the american economy be if china really does go for traction? frankly again, the trade deficit i don t think it would be that much. a lot would also depend on what the currency looks like and you can get a currency shift. yes and you can have the corporate profits and stock market. i don t know if it would have a particularly big impact on the economy as a whole. we ve already lost a portion of those jobs anyway but it certainly would paul: here you have got china s big consumer commodities. farm commodities, industrial commodities and oil. so if you get oil demand,