Taiwan’s President, Ma Ying-jeou, expects Taiwan’s recession to get even worseand is going to follow the U.S. model of through zillions of dollars at the problem.
“We already see a recession. This will extend to the first quarter next year. “In emergencies like this, an economicdownturn rarely seen in decades, we have to take drastic measures. … Let’s get fiscal,”
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Hello, Please check out the LA Times story on Chinese factory closings. http://www.latimes.com/business/la-fi-factory3-2008nov03,1,2982466.story ***Since Asia does not have as large a debt problem as the West, it should emerge out this economic depression faster, but they are going to hurt economically there
as well. Take Care, Brian Cook