Those who don’t think the US is heavily dependent on China as a market are delusional. Check out this chart. Without these tremendous increases in exports to China, these states would be in far worse shape than they already are. When this devaluation is complete, the companies in these states will be 10% less competitive. Their exports will decline. When exports decline, companies fire workers. Get ready. The fireworks are just beginning. Fourth Turnings sure are entertaining. SOURCE