kelm

How Will the U.S. Stress Tests Impact Asia?

Anecdotal evidence I am hearing from China indicates that domestic Chinese growth is coming on pretty well and that we may be starting to see a sea change in the drivers in Chinese growth from export driven to domestic driven. The decoupling of markets did not occur on the way down but I believe we will see it re-assert itself on the recovery as Asia in particular grows while the US prays and crosses its fingers.

Agree that we are creating a fog. Having gotten the stress test results, which are needed, they now have to grapple with the consequences of that knowledge and the fact that events may already be in the stress scenario.