First HSBC’s results and now StanChart’s result show that regional economies are slowing down
Example Singapore, where first half income fell 3% and profits dropped 12% (not reported by our constructive, nation-building media).
Other Asean round-up news
And here’s the third confirmation. Indonesia’s exports are dropping, GDP growth is slowing and inflation is rising.
Forget about India, China, Thai or Indon markets
Think frontier markets: like Vietnam, Cambodia. Laos and Burma are coming too
http://www.economist.com/blogs/graphicdetail/2013/07/daily-chart-22
And here’s a plug for M’sia
Another Lion Air air crash since May (then into sea) this year: now into into a cow
And UOB recently set up a unit offering loans to Chinese companies looking to move into the region, including in renminbi
No worries man. Like I said cracks will only start appearing end-2013. In the meantime, golden age man.