I think, some investors had been in state of denial about a possible reccession in United States, but now, there was no debate about it. And the only question was how long and how deep a recession might be.
According to some economists, if the United States consumers quitted buying things, it was going to hurt Asia. Furthermore, the most rated corporations in Asia would be able to withstand a nine-month recession in United States, but if it were stretch 12 months or more, there would be some serious problems.
I think, we will have to wait, and observe some progress in worlds economy whether some ecomomists expectations will come true or not...
Tell me your thoughts...
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