atans1

Antidote to Mark Mobius’ optimism on Europe etc

In Emerging markets, Vietnam on 21/06/2012 at 9:24 am

For the last two years, Mr. Grant, a managing director based in Florida at a regional investment bank, has been predicting the bankruptcy of Greece and a cascade of chaos across the global economy, attracting quite a following on Wall Street in the process.

“Greece will be forced to return to the drachma and devalue, and the default will cause bank runs and money flowing into Germany and the United States as the only viable safe haven bets,” he declared the day before Sunday’s Greek elections, irrespective of which party would win. “Greece will default because there is no other choice regardless of anyone’s politics.” http://dealbook.nytimes.com/2012/06/18/one-wall-street-seer-says-the-greek-tragedy-is-near/?src=dlbksb.

This recession will hurt emerging markets (Mark Mobius is bullish on them especially Vietnam, a great favourite). And our nation-building constructive media are full of doom and gloom for S’pore if the Eurozone breaks up. Err whatever happened to the scolding that a PAP apologist, Kishore Mahbubani, gave the Lady for visiting Europe implying that she should have visited Asian countries first (he forget she visited Thailand). Well Asia may be rising but Europe is still very, very important. Anyway, he should realise that there is such a thing as gratitude, despite this, “Gratitude is a disease of dogs that is not transmittable to humans”. It was said by a French investment banker after he was ousted from chairmanship of Italian insurer with which he was associated for over 40 years.

Without European support of her cause, she would most likely be dead now. Asian countries didn’t care about her or her cause.

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  1. “Without European support of her cause, she would most likely be dead now. Asian countries didn’t care about her or her cause.

    Absolutely.

  2. “Without European support of her cause, she would most likely be dead now. Asian countries didn’t care about her or her cause.”

    I so agree with this sentence of yours. Not too long ago, some old useless man remark that she was part of the problem. And they still expect her to visit Asia first? Oh pls…

  3. Kishore Mahbubani is indeed a PAP apologist although he claims otherwise,it is obvious that he is setting himself up as a spokesman for new Asia.

    http://www.nytimes.com/2011/06/24/opinion/global/24iht-june24-ihtmag-nye-36.html?_r=1&ref=ihtGlobalAgendaSummer2011

  4. Europe or even the whole new world would have to copy from Iceland in time to come.

    http://www.icenews.is/index.php/2012/06/20/iceland-pm-europe-should-copy-us/

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