I'm Not an Economist or Financial Analyst But...

This past week in the stock market has me worried. I know Tuesday's massive selloff was spurred by the markets in China and Europe. But what a lot of people don't seem to know is that China is a huge US lender and owns a bunch of pre-existing US debt. Here's a good picture of the current US debt. With the deflating housing bubble, and Greenspan warning about a recession, I'm afraid that we will experience Bush deja vu. Remember the recession of the early 90's? I guess money management isn't in the Bush genes, huh? Too bad, they didn't pick up on grandpa Prescott's fortune reaping plan? Wait a minute...