Several weeks ago Fitch warned that out of all Europe’s AAA rated sovereigns the UK was the most vulnerable to lose this rating. But, most analysts believe this would not be an issue as the government would implement austere fiscal policies reigning in large deficits and a growing debt load. Such policies do not come […]
Archive:
Financial Crisis
I apologize for the recent lack of posts as I got rather caught up with travel and other activities during the holiday season. To start off the year I decided we need to look back before we can look forward. Since the onset of the current crisis we have witnessed what seems like a never […]
Sitting here in Hong Kong, I know few people who aren’t transferring money into China to take advantage of the appreciating RMB and attractive domestic rates. In fact a study conducted by the Chinese Academy of Social Sciences estimates there could be over USD1.0trn of such money within China, with USD150bn coming during the first […]