all the while I dun think the Fitch's negative outlook is accurate................

I do think it is a bit over-cooked.
Fundamental at current moment is way better than prior 1997.

For me, media seems over-cooked a lot of thing nowadays, either over-optimistic or over-pessimistic.

Before 2008 global crisis, over-optimistic, nothing could happen, subprime is just small matter. But the real result, big shake up on financial.
Those believe continue to bullish, suffer.

When global crisis hit, over-pessimistic, like end of the world,
Those sell at bottom, make bargain hunter rich and gain 100%, 200% afterwards.

When Europe crisis hit, over-pessimistic, no future, Euro breakup etc.
But FTSE, CAC, Dax, all recover well nowadays, and not far from all time high.

So now talk about Asian financial crisis again?

Yes, Asian household debt issue is alarming, and could dampen the economy further, slow down, even a mild recession, but it is not a straight forward answer it must lead to crisis.

Just my cheap 2 cents.

Scary chart of the day... looks like we back to 1997...

Indonesia...

Remember.. it ll started with one country.. then everything falls apart in 1998 it was Thailand which got the ball rolling...