John Rubino--Chinese Debt Snowball Gaining Momentum #2887

John discussed two alarming trends taking place right now. First, tech is getting cheaper and therefore, there's less and less reason to buy expensive Apple products. Will the Apple Cachet carry them through slowing economies worldwide? Most of their profits come from the iPhone. And then we have a slowing China with more and more defaults taking place. Will this also result in people looking for tech on the cheap? And what will it mean for the Chinese and World Economies?