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【作者】：
standardbank【文件格式】：PDF
【页数】：17
【目录或简介】：
- The key thing about the crisis in the Eurozone is that the euro should be weaker, not that the dollar should be stronger.
- Thestrains within the G4 nations still leaves us favouring other G10markets, like Australia, Canada, New Zealand and the Scandinavianmarkets. Few, if any, have anything like the deficit problemsof the G4 countries, and none seems to have the legacy problems fromthe credit crunch in terms of failed financial systems.
- Thekey question in the UK, just as it is in many other countries, iswhether the UK will go into a Japanese-style deflationary slump inwhich high budget deficits can co-exist with low yields. Or will the economy recover, deflation be avoided, and yields rise sharply? We believe that it will be the latter.
- Themarket seems to think that the Eurozone debt crisis and the globalflight-to-quality could have a bearing on the Chinese economy and itspolicy responses. We doubt it.
- Seemingly hefty intervention by the SNB around the 1.40 level has already bought the Bank some time. Similartactics in the future could buy more precious days and weeks as theBank seeks to resist the storm, but it won’t stop the downtrend ineuro/Swiss.
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