Taoyuan Nights

Of course… talk of whether McCain or Obama have greater support for Taiwan seems somewhat surreal to my mind - given another 4 more years of the present Republican party, America may not even exist anyway :-)

Elsewhere … Korea finds out the long-term costs of fueling an economy with high levels of debt.

“The won, which is already the world’s worst-performing major currency this year with a loss of 26 per cent, will weaken to 1,400 to the dollar as Korea struggles to refinance its short- term debt, CFC’s chief investment strategist Dariusz Kowalczyk wrote in a report Monday. The last time the currency breached that level was amid the Asian financial crisis, in 1998, when the won lost half of its value.”

Oh, and the FTSE is having the *3rd* worst day in all of UK history…. yawn. This crisis is getting boring.