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The underlying issue is that the West is spending more than it is making, because they outsourced nearly all of their manufacturing to China, that was fine while China was in the growing stage and their product was junk.

The West lived on selling its assetts and on inflated currency values, the time isn't far off where China's economy will be as big as the U.S and their currency will be underpinned by a very large industrial base.

Then it will get interesting, the next 4 years will be where the Wests future is decided IMO and even though Trump is an absolute dick, he appears to be the only one who wants to address the issue head on.

It will be an interesting period IMO.

Germany is already feeling the heat of high costs and increasing competition, this is only the beginning, the real fun hasn't started yet, the party is just about over IMO.

Volkswagen chief executive says situation 'alarming,' cuts needed https://finance.yahoo.com/news/volkswagen-chief-executive-says-situation-090038858.html