Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

The bear rules in the Year of the Monkey

Pendal Group

Pendal Group

The argument used by China bulls is that the government still has an incredible amount of control over all the risk factors that any crisis can be ‘managed through’, and while this can result in a delay in the inevitable, the inevitable will come one day. The reality of China’s position now is that it is at a point where debt has grown to a monstrous level while the banks are clearly underreporting the amount of non-performing loans they have on their balance sheets. The local government merry-go-round of funding more debt with land sales, that only have worth when there are more new buildings to build, must end sometime. While there has been some progress towards shifting the economy away from fixed asset investment to services, current growth targets are wholly incompatible with an economy that isn’t growing debt as fast as it is now, which is exactly what it must stop. Read Vimal Gor's full analyis: (VIEW LINK)


Pendal Group
Pendal Group
Pendal Group

At Pendal Group, our vision is to combine the benefits of our strong institutional foundation and performance-focused culture with a multi-boutique specialist investment approach. We believe this approach firmly positions Pendal to achieve...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.