Asian fallout drifts into Northern Colorado

Long-term effects in region may not be as bad as feared, but serious job losses have resulted

Even at the height of Japan’s prosperity in the mid-1980s, Japanese economic analysts were fond of saying: “When the United States sneezes, Japan catches pneumonia.” Now, observers of national and local economic trends are reversing that aphorism.

After months of speculation, the effects of deteriorating financial conditions throughout Asian markets are beginning to affect employment and job creation in Northern Colorado. The fallout appears ominous, especially with respect to employment and continued job creation. Of greatest concern are recent announcements of layoffs and closures at…