Forget 2012---THIS is the sign of the coming Apoclypse!!

China passes the US in the purchase of New Cars. This is actually a good sign for the US.  The Chinese have been notorious savers and there are signs that consumption spending is increasing as the emerging middle class flexes its economic muscle.  As incomes rise they will buy not only more Chinese goods and services but more imports (perhaps even from US businesses!).  In addition, with a depreciated dollar there is an incentive to buy US goods/services.  Gee, maybe even our cars!