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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong	10/31/2007 7:17:22 AM
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India, China Face Fallout as U.S. Cuts Interest Rates By Cherian Thomas and Nipa Piboontanasawat Oct. 31 (Bloomberg) -- India and China may be forced to further restrict bank lending as declining U.S. interest rates prompt investors to pump record cash into the world's two fastest-growing economies. ``If the U.S. cuts rates, it will have Asia's blood on its hands,'' said Marc Faber, managing director of Hong Kong-based Marc Faber Ltd. and publisher of the Gloom, Boom & Doom Report. ``The Fed is pursuing an easy monetary policy that is creating massive bubbles outside the U.S.'' The Fed's actions threaten to spur inflation in India and China, where stocks have soared to records as a stampede of foreign money stokes share and property prices. Chinese and Indian shares have added $882 billion since the U.S. reduced rates on Sept. 18, almost a third of the $3 trillion gain in their combined market capitalization this year. ... bloomberg.com

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