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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Stoctrash who wrote (9238)	4/2/2008 8:29:46 PM
From: Hawkmoon	Read Replies (1) of 33421

BUT of course, now this part is random: I still think we are the BSD (Big Swinging Dick) of the World. Funny.. I don't see it as random at all.. The US still is the only country able to defend it's economic and political interests anywhere in the world. Let's see China defend it's interests outside of the mainland.. Let's see Europe do it.. Russia?? Maybe.. But the US.. DEFINITELY!! And if you all think that transparency of the US financial system is lacking, ponder deeply how it compares to the transparency of competitor nations. I'm still waiting for some shoes to fall from overseas. Afterall, I seem to recall that, just a few short years ago, everyone was expressing worries about the status of China's banks.. Some folks estimated that nearly 50% of their loans consisted of bad debt. washingtonpost.com iht.com The recent sell-off in the Chinese stock market - down 25 percent in the past four months - could also hobble banks because a big chunk of their business comes from equity-related products. A fair amount of corporate lending found its way into the stock markets, and that money might have evaporated already. Chinese banks have, though, raised billions of dollars from capital markets, and this would help them absorb any credit losses. But the question remains: What level of asset quality shock could Chinese banks absorb? "Chinese banks are largely untested," said Alex Boggis, director at Aberdeen International Fund Managers. "They do not have much experience handling the stress and strains associated with open markets. That is why we do not like to own them." Hawk

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