Taoyuan Nights

For those of you who don’t know, “GDP” is a number that measures the size of an economy. Bloomberg reports that:

Taiwan has now already had a record drop in estimated GDP (compared with the last 60 years).
The rate of decline in GDP is getting faster and faster.
The Taiwan stockmarket is still [...]

So…
- the government is handing out free money to almost everyone
- the government is planning on handing out free education vouchers
- the government is planning to employ 100000’s of people in huge infrastructure projects
- the government is providing money to bail out local banks
- the government is providing money to bail out the technology sector
- [...]

Hello everyone! Xin Nian Kuai Le!
I saw a great deal of optimism at new year with people suggesting that maybe things would be OK. Well, I say optimism. What I mean is, ‘insane denial’. Allow me to be blunt: Taiwan is in deep, deep, deep trouble. Read these links, for starters:
January exports down 57% [...]