http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aQz3J1NVh0wI
Extended low fed funds rate potentially causing another crisis..in Asia? This time it is the dollar liquidity sparking carry trade, not the yen.
For more on the Asian bubble:
http://www.theedgemalaysia.com/business-news/151587-asia-in-a-bubble-what-bubble.html
This is the price they pay for essentially trailing the US’s monetary policy. What can they really do?