http://www.johnredwoodsdiary.com/2008/01/27/davos-and-soros-are-too-gloomy-but-davos-usually-gets-it-wrong/ Conservative Party Member of Parliament for Wokingham Fri, 04 Jul 2008 19:55:24 +0000 http://wordpress.org/?v=2.5.1 http://www.johnredwoodsdiary.com/2008/01/27/davos-and-soros-are-too-gloomy-but-davos-usually-gets-it-wrong/#comment-16746 Tony Makara Sun, 27 Jan 2008 10:49:56 +0000 http://www.johnredwoodsdiary.com/2008/01/27/davos-and-soros-are-too-gloomy-but-davos-usually-gets-it-wrong/#comment-16746 I certainly agree that we have to factor in emerging economic powerhouses. China are planning to stimulate consumption and promote agriculture and their service sector. That is a sure sign that they expect their export market to fall of as the west experiences an economic downturn and as their own currency undergoes reevaluation. On the subject of Soros, I watched with great interest his interviews on Bloomberg and the FT media page and he clearly blames market de-regulation of financial services for the supply of overpriced credit. All a bit rich coming from a man who has exploited the market, was a major player in the Asian crisis of a decade ago and has made arbitrage his middle name. I certainly agree that we have to factor in emerging economic powerhouses. China are planning to stimulate consumption and promote agriculture and their service sector. That is a sure sign that they expect their export market to fall of as the west experiences an economic downturn and as their own currency undergoes reevaluation. On the subject of Soros, I watched with great interest his interviews on Bloomberg and the FT media page and he clearly blames market de-regulation of financial services for the supply of overpriced credit. All a bit rich coming from a man who has exploited the market, was a major player in the Asian crisis of a decade ago and has made arbitrage his middle name.

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