Global Strategy: Chinese Devaluation Risks, Australian Market Woes, European Crisis Outlook
On this week’s Business Monitor Podcast, Head of Country Risk & Financial Markets Justin Patrie, Chief Economist Tim Cooper and Head of Asia Analysis Stuart Allsop discuss the global strategic outlook. The market sell-off catalysed by the German ban on naked short selling has reinforced BMI’s core views including deflation over inflation, a slowdown in growth in 2010 and risks to Chinese demand from the deflation of an asset price bubble there. Specific topics discussed include the risks of a Chinese devaluation, a weak Australian market outlook and the direction of global treasury yields. We conclude with conviction calls presented from each of the panellists.
