http://www.myloansconsolidated.com/2010/01/22/introducing-2010s-new-economic-giants-china-and-india/ Wed, 25 Jan 2012 00:54:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.myloansconsolidated.com/2010/01/22/introducing-2010s-new-economic-giants-china-and-india/comment-page-1/#comment-4482 Elisheva Wiriaatmadja Tue, 26 Jan 2010 01:13:41 +0000 http://www.myloansconsolidated.com/?p=2097#comment-4482 Unfortunately the current global economic crisis is a credit crunch caused by huge national debt and personal debts. The US' saving rate is nothing compared to the Asian's. Asian's LOVE to save and pay using cash as opposed to using credit cards or taking out loans! Countries like Malaysia and Indonesia who is greatly influenced by the Islamic way of doing banking practices have been giving out credits very carefully and in a very conservative way... no usury. Exactly because of this, these countries are way more stable than the US in this crisis as the credit crunch did not hit them as much if not at all. Unfortunately the current global economic crisis is a credit crunch caused by huge national debt and personal debts. The US’ saving rate is nothing compared to the Asian’s. Asian’s LOVE to save and pay using cash as opposed to using credit cards or taking out loans! Countries like Malaysia and Indonesia who is greatly influenced by the Islamic way of doing banking practices have been giving out credits very carefully and in a very conservative way… no usury. Exactly because of this, these countries are way more stable than the US in this crisis as the credit crunch did not hit them as much if not at all.

]]> http://www.myloansconsolidated.com/2010/01/22/introducing-2010s-new-economic-giants-china-and-india/comment-page-1/#comment-4479 Ontario private mortgage Sun, 24 Jan 2010 15:48:25 +0000 http://www.myloansconsolidated.com/?p=2097#comment-4479 I don't agree with it as Asian countries are more affected than US and other American countries when it comes to global economic crisis or global recession. Asian are more suffering from US when it comes to their economic stability. I don’t agree with it as Asian countries are more affected than US and other American countries when it comes to global economic crisis or global recession. Asian are more suffering from US when it comes to their economic stability.

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