Posted on 09/10/2012 2:51:42 PM PDT by blam
It's Amazing How Much More Optimistic People Are In Asia
Frank Holmes, U.S. Global Investors
September 10, 2012
After Mario Draghi announced the European Central Bank’s new bond buying program, I was the first guest on CNBC Asia’s Squawk Box to weigh in on this decision. I reiterated my stance that the endgame for Europe would be to print money, which will eventually lead to currency wars. These actions are positive for gold and also for increased economic activity.
See another conversation on ECB and gold with Squawk Box here.
China too has kept investors on the edge of their seats, as we wait for some monetary or fiscal action. Everyday that goes by with no significant policy decisions from the Asian giant causes the market to lose confidence in its ability to steer its ship. Even the most optimistic bull can be vulnerable to a loss of confidence.
It often helps to gain a different perspective, which is what a business trip halfway around the world can provide.
I’ve been traveling in Singapore and Hong Kong and I continue to be amazed by the juxtaposition of the vibrancy of the Asian continent compared to investor sentiment in the States. It’s a subtle difference, but you can see it in the faces of people walking the cities, you can feel it when talking with local entrepreneurs and you can read it in a speech from local government leaders.
Singapore’s Prime Minister Lee Hsien Loong provided a beam of light to a Beijing audience only days ago. During his speech at the Central Party School, the prime minister discussed China’s significance in the world as it relates to political relations, government policies, and world trade. He also touched on his country’s role in facilitating a solid relationship between
(snip)
(Excerpt) Read more at businessinsider.com ...
Well....all except this guy...
“Japanese financial services minister Tadahiro Matsushita was found dead at his residence in Tokyo on Monday, police said, adding they suspect the country’s top financial regulator committed suicide.”
Beat me by 17 seconds, but I provided a link, so I WIN!!
Japan Finance Minister commits suicide.
S. Korea is buying large amounts of gold, for the first time
China’s empty COSCO shipping containers are littering the landscape in many ports.
There is nothing to be optimistic about.
yeah ...well each Asian isn’t wearing a 200K cross courtesy Fed Reserve/Goldman Sachs....
“....the federal government’s total debt of $193,989.72 per taxpayer,”
http://cnsnews.com/news/article/64000-question-how-much-has-debt-increased-taxpayer-under-obama
They're also shorter.
Government leaders smarter than us:
Most of them apparently.
heavy anchor debt chains for swimming
They're also not as tall.
But some gots Gangnam Style.
Ping.
How are general perceptions on the economy in the ROC and ROK?
More Asians try to be healthy, produce useful things and save instead of borrowing.
It’s because they have money under their mattress (or futon).
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