Paul, re: "It will be a bloody nightmare for everyone." "If it is the article about the effects of S.E. Asia, then my comment is that if Intel is effected - every business in the world will be effected."
I agree that technology has been and will be the growth engine for the US economy. I disagree that Asia will be a catalyst to a world wide (and US) signifcant economic recession.
Paul, IMHO, the recent change to a real global economy is a mixed blessing, it is certain that a problem in one part of the world creates problems elsewhere. On the other hand, problems in one part of the world can and will be offset by strength in other markets, which should create a more balanced growth that discourages recession.
If you believe, on the other side, that a recession in any important market in the world, in this new economy will create recession for significant trading partners, then we certainly have a problem that is not limited to the technology sector, but is a basic defect of the current evolution of the world economy.
Also, it could be that the Asian "crisis" is a little over-played by the media, not a first.
John |
