Worth the paper it's printed on?

This article reports on the financial crisis in Asia as of 1997. Asia's leaders, economists and research analysts working at investment banks and brokerages across Asia are in a state of denial of this crisis that has crippled the region in 1997. Asian researchers failed to spot the impending crash, which could be because of political sensitivities or the sheer lack of talent in their ranks. Asia's current economic woes have come as no surprise to economic forecaster Marc Faber. One of Asia's most famous bears, he has been forecasting doom for quite some time. Paul Krugman, a professor of economics, is another who has long argued that the region has overstretched itself. Faber points out in a recent edition that "when Krugman published his critical article about Asia's growth prospects, numerous articles by Asian hind managers and strategists countered that Krugman didn't know what he was talking about." Now is Krugman's moment of vindication. People in the region had begun to argue, he says, that Asia was "not part of the same economic universe as the rest of us. Fundamentally the point is: Asia operates under the same rules."