October 7, 2008

East Asia remembers last crisis as it braces for new one

More than a decade after the last major economic crisis, East Asia is spooked by the prospect of a new global financial tidal wave rolling its way. Some East Asians are putting a lock on their wallets, shunning the fancy banquets that are a tradition in Asia, cutting back on taxis, even buying gold to hedge against calamity.

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