Financial Times (September 22)
“While Evergrande’s US dollar bonds are trading at levels that suggest default, Beijing is unlikely to allow the company’s woes to proliferate to the point at which they risk creating a systemic crisis. The correct way to view the Evergrande meltdown is to see it as a controlled explosion. Beijing is teaching the developer a very public and painful lesson.”
Tags: Beijing, Bonds, Controlled, Default, Evergrande, Explosion, Lesson, Meltdown, Painful, Risk, Systemic crisis, Trading
Financial Times (June 5)
“A clear lesson from last week’s sharp sell-off in Italian bond markets: the ‘doom loop’ that creates a direct link between eurozone countries and their banking systems is still a powerful force.”
LA Times (May 15)
“There is a lesson for Trump in the North’s sudden change of tune…. Kim remains an unpredictable figure, and it is way too soon for Trump to boast about his succeeding where his predecessors have failed. And don’t rush to make room in the Oval Office for that Nobel Peace Prize.”
Tags: Boast, Kim, Lesson, Nobel Peace Prize, North Korea, Predecessors, Trump, Unpredictable
The Straits Times (October 24)
“It will almost certainly turn out that Britain was more powerful—with more sovereignty—when it was part of a large organisation with international clout.” Following Brexit, the UK will likely be isolated, “with far fewer allies. British consumers, workers and entrepreneurs will pay the price.” But the UK’s fall should provide the rest of the world with a valuable lesson. “The sight of Britain’s sudden banishment to a world where you are better off dealing with cousins will be a useful tonic for everybody else.”
Tags: Allies, Banishment, Brexit, Clout, Consumers, Entrepreneurs, Lesson, Powerful, Price, Sovereignty, UK, Useful, Workers