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Reply #3: I keep seeing the strange hypothesis Asia will ride this out well. [View All]

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Zynx Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-09-09 12:44 PM
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3. I keep seeing the strange hypothesis Asia will ride this out well.
The truth is that the GDPs of those countries are contracting faster than almost any other region. They are completely reliant on two things: 1. exports 2. cheap foreign capital. Neither are coming back soon.
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