Monday, October 17, 2011

Mr Li : Greece & Portugal are certain to default

. Market Sentiment changes daily.
. Coupled with speculating & day trading
. Results in violent market behavior.
. Although fundamental structural problem will remains for years.
. Greece & Portugal are sure to default said Mr Li member of People's Bank of China's monetary Policy committee
. If Mr Li hold such view I am sure China's policy will react accordingly.
. Mr Li is more concerned of USA economic problem
. Whom China has substantial financial & treasury interest.
. From China's perspective, America is more critical in terms of Chuna's investment portfolio.


http://thecitizen.co.tz/business/-/16217-european-debt-crisis-to-end-in-three-years-central-bank-advisor

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