3 ordspråk av Nicholas Horsley
Nicholas Horsley
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What worries me most is the absence of political leadership around the world. I think it may very well be an opportunity for President Clinton to step forward and say, 'Look, the U.S. economy is not in that bad a shape.' Fundamentally, it's not unfair value at these levels.
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It implies a slower U.S. economy, and so over time I think this will turn out to be bullish for the fixed-income markets.
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What we're getting in the Hong Kong story this year is the re-rating of the market, the growth of the China play potential of the market, and I think people have completely discounted any problems at all with the hand over.
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