The Sun Is Rising In The East
2010 will be pregnant with opportunities for Indian companies. The recession has accelerated the shift of the centre of gravity from the West to the East. Whilst countries like India and China will withdraw stimulus in 2010 to fight inflation without much fear of loss of growth, Western economies will be more circumspect.
However, concern about the debt bubble building up in the West will reduce some of their options. The outstanding derivatives position six months ago was higher than at the start of the crisis in 2007 although lower than its mid June 2008 peak. Clearly the lessons of the crisis seem to be lost on the perpetrators who will be under pressure from regulators. None the less, they are likely to escape harsh control |
 Avalon Perspectives_Sun is Rising in the East_Jan 2010 |
