<html> Fairly typical New Economy ideologists' (aka 'economist') view of how oncoming US recession will hit Asia.  I'm reading mixed stories on how this will affect Asia, some with just the opposite perspective: <a href="http://www.asiaweek.com/asiaweek/magazine/2001/0112/biz.insight.html" eudora="autourl">http://www.asiaweek.com/asiaweek/magazine/2001/0112/biz.insight.</a><a href="http://www.asiaweek.com/asiaweek/magazine/2001/0112/biz.insight.html" eudora="autourl">html </a>Naturally, the 'civil society', 'despot capitalism' (as opposed to Bill Gates?) crap can be filtered out - but not entirely.  I certainly agree that "politics does matter", for instance. And a Nihon Ginko[o] treasury bond crisis certainly would be interesting: "My recent visit to Tokyo convinced me that everyone, including senior bureaucrats, now expects a government bond crisis. Indeed, to prevent this, the Bank of Japan will pump money into the banking system so banks can continue to fund the government's debt."  Which this New Economist implicitly supports, apparently,  while in the next breath he rants on about supposedly "Asian" circular financing... And while on the subject of New "Economists", has "The Long Boom" - a fine Wired - style piece of ideology masquerading as political economy - ever been given a good thrashing on this noble list?  It, too, recognizes that "politics is the key" and devotes a whole chapter to this theme. That insight alone warrants it for review. -Brad Mayer Oakland, CA /*********************************************************************** "Sure I was young and impulsive once--I wore every conceivable pin. Even went to Socialist meetings and learned all those old union hymns. Ah, but I've grown older and wiser, and that's why I'm turning you in. So Love Me, Love Me, Love Me--I'm A Liberal." <x-tab>        </x-tab><x-tab>        </x-tab><x-tab>        </x-tab><x-tab>        </x-tab>-Phil Ochs ************************************************************************/</html>