Just yesterday I posted this quote by Napoleon Bonaparte..."Let China sleep. For when he wakes, he will move mountains." I commented that "China is awake and if America doesn't wake up soon, we're going to get buried by the mountains being moved".
Then I read today that the population of U.S. millionaire households fell last year to 5,134,000 from 5,263,000. Not such a big deal, except for those 129,000 not-so-rich-now families. The kicker is, while the U.S lost nearly 130,000 millionaires, the rest of the world gained 175,000. And the increase was predominantly Asia-Pacific, i.e. China. Singapore, given as an example, has the highest "millionaire density". More than 17 percent of Singapore's households are millionaires.
See, see, see...Eyetolja.