View Point

ANZ's chief economist makes subprime predictions

By Steven Irvine | 5 September 2007
Keywords: anz | subprime

Subscriber Content Preview.
.

Asia should prove resilient in the wake of the US subprime lending crisis, reckons ANZ's Melbourne-based chief economist, Saul Eslake.

What is your view on the subprime lending crisis and how big of an impact will it have on Asia?
What we are seeing is the bursting of yet another bubble, a bubble whose seeds were sown ironically, by the response of central banks to the bursting of the last bubble: the tech bubble.

In the aftermath, central banks took interest rates to multi-generational lows, and subsequently countries running current account surpluses – in Asia, Russia and the Middle East – flooded the world with liquidity, out of a desire to stop their currencies from appreciating. As a result of ...

To continue reading this article, .

You need a subscription to view this article
Articles older than 48 hours are available to subscribers only.

Log in below or buy a subscription to enjoy unlimited access to FinanceAsia.com's quickly growing 13,000 article database.

Username:

Password:

Remember me | Forgot your password?

Goldman Sachs fixed-income sales could see exodus to UBS

UBS is in the midst of trying to hire a team of up to 12 fixed-income salespeople from Goldman Sachs in Korea and Hong Kong.

By Sameera Anand | 17 March 2010

India's NMDC takes beating after follow-on prices at bottom

Foreign investors contribute only 2.2% of the QIB order volume as valuations are deemed too aggressive, but the government gets $2.18 billion to plug holes in its budget.

By Anette Jönsson | 17 March 2010

Paper recycler hopes to collect $183 million from IPO

Fook Woo Group is one of six small-cap listing hopefuls to kick-off a Hong Kong IPO in the past week.

By Lillian Liu | 17 March 2010

Equities	Debt
M&A	Moves People Moves Business Moves
News & Views View Point Macro & Markets Corporate	Banking Structured Products FX Private Banking
Editor's Desk Awards Co-published Editor's Desk Polls Book Review Private Capital	Conference Highlights
CorporateTreasury Cash Trade CorporateTreasury Moves Risk