I was saying to a friend in Switzerland that the developed/wealthy asian countries - Singapore, Japan, Taiwan and Hong Kong and even South Korea now - all have slowed their growth curves. Complete contrast to Europe. There has to be a cultural element to it. She felt that locally no one really cared or was that worried. It just seems like individualism and personal freedoms are more important in Europe than the sense of duty to your community in south east Asia. Everyone is still traveling, everyone is still going out. Or maybe I’m full of shit. But there has to be some reason.