According to the WSJ, on fears that the US will experience a recession (perhaps due to the possibility of Ron Paul getting elected president), the major Asian indexes fell anywhere from 4-8%.

Evidently Bush’s stimulus package did not impress. Let’s hope this doesn’t create a circular reaction event (US Markets drop, Asian Markets drop, lather, rinse, repeat). I’m assuming the White House is working on something to help calm the international markets, but at least (I think) he cares about what happens in those markets, unlike Mr. Paul who would rather ignore the rest of the world.

Also glad to see the Journal is up and running even through they didn’t need to print a paper today (Happy Martin Luther King, Jr. Day everyone!).

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