China has experienced an exceptional GDP growth rate of 12.9% per annum over the past 20 years. Yet over the next 12 to 18 months, Chinese investors will struggle to come up with the funds to meet their obligations arising from off-the-plan apartment purchases. Chinese nationals are facing a double... Show More
Looking at Australia’s big four banks (CBA, WBC, ANZ, NAB) we see a condition where the evolution of the global context is under-appreciated, particularly with regards to shifts in the Chinese situation. First, we look at the valuation picture of Australia’s big four banks. Then we consider the bank’s Achilles-heel... Show More
Over the last 30 years, a near constant flow of cash has inundated China and other emerging markets. It has lifted those economies, pulled hundreds of millions of people out of poverty, and dictated corporate expansion plans worldwide. This year will see the first net outflow of capital from emerging... Show More
