Tag: consumers

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China continues to display economic strain that will reflect on world economy

Colin Henderson

In the ‘how is the world doing’ category, this take (from the chairman of Morgan Stanley Asia and author of ‘The Next Asia’ (Wiley), due out in September) on China is consequential for us all. The west imported cheap labour from there for the 15 years preceding 2007, and the after effect is coming home to roost. What will matter to us all, and to banks, is the relative impacts on currency values as the historic imbalances are rebalanced to a different metric. I have to keep going back to how banks in the west redesign their products and services. … Continue reading China continues to display economic strain that will reflect on world economy

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A more pragmatic view of the near future for scenario planning

Colin Henderson

Right after I posted this piece, thinking that finally people were starting to look to the future with a more pragmatic eye,  I came across this from David Olive in The Star.  I am by nature an optimist, however rationalisations such as this piece cannot alter some obvious facts. David Olive: Will the economy get worse? | The Star No. The current market downturn is still small by historical standards and the seeds of recovery are already planted. By talking the crisis up, we’re only prolonging it. Here’s some ammunition for the optimists among us. First we can begin with … Continue reading A more pragmatic view of the near future for scenario planning