siebelseibel76 (November 30, 1999 at 12:00 am)

I am not commenting on America's economy or if America is recovering. I am talking about what the world will walk away with after the crisis. Regionalism is becoming significant. Asia is just one example. In South America, states are running towards Brazil.I don't think the world will move along without a lesson.

KineticFrenetic (November 30, 1999 at 12:00 am)

Eh, it's almost a month later and our own economy has somewhat recovered from this disaster. It's old news now. In fact, our own fears have decreased the demand on many products.Sometimes "jumping the gun" with any propaganda (whether it be economic "apocalypse") can prove to be SAFE. Anyways, it's all blown over. Great Depression Part 2 won't commence til another date. Move along...

siebelseibel76 (November 30, 1999 at 12:00 am)

The Asians have learned from the Asian Finanical Crisis and will not repeat it.Currently, the East Asian Tigers, as well as China, Japan and others in East Asia are defining the IMF more then ever. Their economies are not fully open for American companies to profit off of. Instead, they are focusing on exports by devaluing their currency and purchasing foreign reserves more then ever.

siebelseibel76 (November 30, 1999 at 12:00 am)

But it is important to note that many Asian economies (in particular, South Korea) are moving towards China b/c of the current crisis. Those closely tied to America suffered the most. Asia was more distant then Europe and have retained foreign reserve surpluses. Thus, they can and are already starting to recover. Recover by relying on each other, forming a new 80 billion dollar Asian reserve. Perhaps we are seeing the verge of a more multipolar world.

RAGtagBAG88 (November 30, 1999 at 12:00 am)

It's pathetic listening to these arseholes who admit they had no idea the continuing growth of capitalism could also fall!Anybody who read any left wing publications from socialist or Marxist groups from New Labour taking power in 1997, analysed the financial situation exactly, their perspective was 100% clear - the boom was based on ficticuous money, gotten via loans & credit based on the ever increasing rises in house prices. Until the banks were issuing worthless bonds to other banks.

P7BDX (November 30, 1999 at 12:00 am)

HAHAH WHAT MSG me on MSN. ID is in my profile. f

Cezafan66 (November 30, 1999 at 12:00 am)

Im stripping down.......you boys watching???? send me a message z

ngonea (November 30, 1999 at 12:00 am)

Lyndon Larouche predicted this in 2005"Larouchepac dotcom", and he also predicted if the Gov. passed the Bailout bill, the $ will collaspe completely.

KineticFrenetic (November 30, 1999 at 12:00 am)

Read the Economist. China is definitely not doing well. America falls, and you can sure as shit bet that China is affected (outsourcing, exports, etc etc).

shockboner (November 30, 1999 at 12:00 am)

I wouldn't necessarily call it global but it definitely exists abroad. Right now, it's the United States and Europe taking a big hit while the Gulf Region could possibly be taking a small hit from this. However, Japan and China seem to still be doing fine right now. Trust in thy Asians.