Analysis - Thai banks still cleaning up the wreckage of 1997 - Asia Pulse, August 11, 2005
...And so the lending goes on and consumer debt keeps piling
up, despite warnings and curbs from the central bank. As Paul
Krugman told his audience in Bangkok, "unsustainable situations
usually go on longer than most economists think possible. But
they always end, and when they do, it's often painful".