Recession Flu

Asia Markets are going down and down every single day as the first wave of the Bear hits Asia due to unsatisfactory perfomance by US Economy... my EC2102 Macroeconmics Analysis I textbook author which is the Fed reserve Chief Ben Bernanke made a Tax cut of 75 basis point i guess it adds fear instead of comfort as such steep cut signals the economy is doing really bad... i guess the recession will continue with uncertainties of US presidential elections, subprime and oil prices... which today the relief is temporary only...

Globalisation makes the world smaller which the effects can be seen here when US has a flu and sneeze... the whole world gets infected too... like Asia