Despite some recent wobbles on the stock market, I don't see any end to our current private debt and equity inspired asset bubble. Maybe in October?
There's plenty in the news over the last few months, apart from the headline grabbing sub-prime
- Grain prices have now grown as fast as oil over the last few years
- China's pork prices at highs
- India inflation needs to be tamed
- UK housing market still growing 10-15% year on year
- Brazil is sapped of will to reform due to the better times
- East Asia 10 years on. Some (Economist cites Roubini) feel that mistakes have not all been learned, but the bigger question now is whether China is flexible enough to respond to a shock
It still feels like there's a bit longer to run. China's stockmarket has indeed risen very fast, but still perhaps not as high as the Nasdaq got in 95-03. I feel like China will be pulling out all the stops to keep everything held together for the Olympics. Perhaps after that...
There's plenty in the news over the last few months, apart from the headline grabbing sub-prime
- Grain prices have now grown as fast as oil over the last few years
- China's pork prices at highs
- India inflation needs to be tamed
- UK housing market still growing 10-15% year on year
- Brazil is sapped of will to reform due to the better times
- East Asia 10 years on. Some (Economist cites Roubini) feel that mistakes have not all been learned, but the bigger question now is whether China is flexible enough to respond to a shock
It still feels like there's a bit longer to run. China's stockmarket has indeed risen very fast, but still perhaps not as high as the Nasdaq got in 95-03. I feel like China will be pulling out all the stops to keep everything held together for the Olympics. Perhaps after that...
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