United States seen facing symptoms of Asian crisis

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Full text at:http://www.voila.co.uk/News/afp/eco/000118124132.6fx0kcc5.html

United States seen facing symptoms of Asian crisis

The United States is facing the same symptoms that plunged Asia into a financial crisis in mid-1997, with its stock market vulnerable to a crash in the second half of this year...

a US stock market crash would bring down the robust US dollar and could hit Asian central banks that built up greenback-led reserves.

"In fact there are four similarities between America now and some of the Asian economies which got into trouble back in 1997," he said, citing lack of control in bank lending, asset price inflation, huge trade imbalance and dependence on foreigners to finance that deficit.

-- Bill P (porterwn@one.net), January 18, 2000

Answers

United States seen facing symptoms of Asian crisis

Bill only posted part of the article. Be sure to read the whole thing. Thanks for posting this, Bill.

-- Stay (aware@and.informed), January 18, 2000.


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