As US sinks, Asia unable to swim

The US economy is down by the bow, and the prognosis does not look good. The final outcome is inevitable, and no one (outside the United States) is really surprised. However, how does Asia avoid contagion?

At the current moment, the US represents almost half of global demand - which is disproportionate with its percentage of the global population. Unwilling and unable to help itself, the US is beyond repair. Asia tried to help out as much as it could, mainly by providing ample financing. However, Asia now has to live with the grim realities that lie ahead. More...