For Asia, this is not the worst financial crash since 1929. It is payback time for several years of generous expansion in stock prices almost everywhere, and so far the falls are still small — although they could well get worse — compared with much of what happened during the 1997-1998 Asian crisis, and puny compared with events in Hong Kong during 1973-74.
Things Can Always Get Worse
Things Can Always Get Worse
Things Can Always Get Worse
For Asia, this is not the worst financial crash since 1929. It is payback time for several years of generous expansion in stock prices almost everywhere, and so far the falls are still small — although they could well get worse — compared with much of what happened during the 1997-1998 Asian crisis, and puny compared with events in Hong Kong during 1973-74.