Live it Up, Asia!

Three known beauties,ukiyo-e by Kitagawa Utamaro Given rising commodity prices, stagnant or decreasing home prices and weaker consumer demand, it is increasingly likely that the bubble economies, particularly the United States, will slide into recession. Despite the dramatic 75-basis point rate cut this week, and another expected next week, interest rates have not yet had the effect of stimulating aggregate demand.

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