Two Opposite Tales Not Only in the U.S. But in East Asia

The following WSJ article, “Halting Recovery Divides America in Two”, echoes what’s been happening in East Asia to a large extent. SMEs are contracting a lot due to lack of profits and funding while big businesses are faring relatively well. There is some concern that the income disparity between the have and have-nots might grow. The opposite tales are worrisome.

From WSJ:

The U.S. recovery is a tale of two economies.

At one extreme of Corporate America is a cadre of companies and banks, mostly big, united by an enviable access to credit. At the other end are firms, chiefly small, with slumping sales that can't borrow or are facing stiff terms to do so.

On Main Street, there are consumers with rock-solid jobs -- but also legions of debt-strapped individuals struggling to keep their noses above water.

This split helps explain the patchiness of the recovery that appears to be taking hold after the worst recession in a half-century.

http://online.wsj.com/article/SB125150649639668499.html