Hong Kong’s money chief is worried about boom and bust, says The Standard.
“The continuous depreciation in the dollar, and the US government’s indication that, in order to resume growth and maintain public confidence, it basically won’t raise interest rates for the coming 12 to 18 months, has led to massive dollar arbitrage speculation,” Liu [Mingkang], chairman of the China Banking Regulatory Commission, said in Beijing yesterday.”
–via Sydney Morning Herald.
Oh Boon Ping in Business Times (Singapore). Banning the shorts is “shooting the messenger.”
Economic Times of India: Roubini’s all wet. “What bubble?”
Regulators need to curb credit –Anoop Singh in Shanghai Daily
