Asia to remain a bright spot, amid the carnage, with China in the lead.
Late Q1 we predicted that China would remain resilient, despite braking efforts by the central bank. Wall St, the mkt herd, were looking the other way. The consensus notion of a "hard landing" was just that, only a notion, and wrong. China’s domestic demand continues to be robust; her imports reflect that.
Next, China’s past policy of mercantilism penalized locals. That policy has eased, and so have prices.
Still, exports are at a near record level. There’s still world demand out there and China’s found it.
Asian markets are today bothered by EU concerns. We would consider this an opportunity.
Robert Craven
Late Q1 we predicted that China would remain resilient, despite braking efforts by the central bank. Wall St, the mkt herd, were looking the other way. The consensus notion of a "hard landing" was just that, only a notion, and wrong. China’s domestic demand continues to be robust; her imports reflect that.
Next, China’s past policy of mercantilism penalized locals. That policy has eased, and so have prices.
Still, exports are at a near record level. There’s still world demand out there and China’s found it.
Asian markets are today bothered by EU concerns. We would consider this an opportunity.
Robert Craven
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