And we have all decided it can reverberate into any company with exposure to china. Ford, coach, boeing, goldman sachs. The thing is all crises are pretty much the same in the post Great Recession world. There is the initial shock holy cow theres problems in the chinese banks which shouldnt be much of a shock at all. Until the last 24 hours, no one was really focused on the credit equals gold number one collective trust. Thats the moniker of a 500 million chinese bond that could default as soon as january 31st. Hurting individuals who own it or, well, the aches and pains of China Credit Trust. Another thing weve got to be thinking about. The house of pain. We have endless assurances not to worry because the peoples republic government has it under control. A bank possibly allowed to default there are implications that arent instantly patched up when we have down ticks from the baltic freight index, a shipping rate, a major tell for china. And a not so hot flash merchandise index report