GOLDMAN SACHS'S COHEN: GLOBAL MARKET RISKS EBB; ASIA WORRIES OVERDONE
economeister.com
>>"What is going on in Asian financial institutions is not what is happening to us," Cohen said. She added that U.S. banks "have not been in the forefront of Asian speculative loans", having learned from "their own interesting experiences" a few years ago with Latin America."
... "Asia, for us, is far more important as a source of production than of demand," for the technology sector, and for apparel, footwear and other goods, she said. "Bottom line, 1998 will be yet another good year for our economy, and will see above-average growth in (corporate) profits," with little inflation and no recession on the horizon, she predicted.
...She also pointed out that over the past few years, UK has been a bigger investor in U.S. Treasuries than Japan.<< |
