Published at: www.ft.com
Perpetual mispricing machine - Durable misconceptions about Asia’s markets
July 1, 2009
1. China's growth, a two-decade-old story, has been rewarding on average to those allowed to tap it, but access price has been high and the disappointments painful. We face huge risk of another one now, at a time other exporters and financial investors can least afford it. When might a publicly disclosed slow-down arise? Will bank performance be the symptom or the cause? 2. Japan is clearly morelinked...