This is a bubble, plain and simple. Every bubble has a theory about itself and every bubble bursts. There's never been an exception. |
This is an extremely positive step. It's going to significantly boost trading volumes and liquidity, and it will encourage investors to arbitrage in the markets, which will lead to much greater efficiency. |
This is the first step by China to limit commodity prices. We believe China will likely develop a comprehensive strategy to deal with commodity prices. |
This should not be surprising after the exceptionally strong growth of the past three years, following China's entry into the WTO, |
We're going down to the bottom. No one knows where that is. |
What the market is telling the Tiger economies is that they have too much capital in their tradeable sector relative to their competitiveness. |
What we need to see are concrete measures aimed at getting the bureaucracy to pursue this objective, otherwise all this will be just more rhetoric. |
When two countries agree to work together, there's no need to pin down details at the highest level. It's different between China and the United States... because it's difficult for these two countries to work together. |