Can Restructuring Revive the Asian Locomotive?

By Keith W. Rabin After the onset of the Asian financial crisis in 1997, there was considerable discussion about the need to revive the Asian and European "locomotive" to allow the U.S. economy to slow down. The U.S. economy began to weaken significantly last year.

While this can be seen as a necessary consequence of the speculative dot.com era, the events of September 11th accentuated negative pressures, which are now further exacerbated by the fallout from the Enron debacle. As a result, Asia and the rest of the world sit nervously. They await the resurgence of U.S. demand, which they believe supports the health of their own economies.

However, they are likely to be disappointed. While many analysts predict a U.S. upturn in the near future the Fed has less leverage to reduce interest rates, consumer debt is at exceedingly high levels, and corporations are under extreme pressure to maintain a conservative accounting posture. Their optimism therefore seems misguided, as there is ... more.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.