Why Asia Is Not The Boom Economy The Media Tells It is

So the media loves to tell us about the 'Pacific Century'. They love to tell us how much China is rising and how there will be a Korean car in every home in the US. Wrong. Nations like China, Vietnam and South Korea are swimming in debt. The average South Korean for example has a debt to income ration of 155%...that is bankrupt. How is that Asia stuff working for you?



thediplomat.com...

What about the $16 trillion debt of the US?

you reference the average citezen as having 155% debt to pay ratio making him bankrupt...

hmmm wow americans must have 500k a year as minimum wage to cover their mortgages...

*end sarcasm*
ok maybe they are being payed in pennys in comparison
but maybe their house-prices aren't over-inflated and they have alot less debt as whole

the reason they are booming is because they are WILLING to work for less than westerners
u guys should have said something when they started destroying your industrial infastructure