Dude, its Fantastic over here. Its only a matter of time before even the moribund USA follows along behind the new Center of the Universe (Asia).
The economy is doing quite well here. Of course that's anecdotal. But as far as my analytical mind can tell, traffic is heavier, new houses are going up all over, and every available plot of commercial land is being built up.
Recently a video store closed here thanks to the tanking conventional video store market... and within a few weeks the place was remodeled and is now yet *another* verizon store.
Unemployment continues to fall well below the peak and faster than the last major recession here: 1991.
The jobs pay crap.. but it doesn't cost much at all to live here either.