Debt and property are offsetting Chinese growth to levels which are lowest in 24 years! The Chinese economy grew 7.3 % in the latest quarter which had the markets cheering. The growth rate was higher than anticipated and observers felt the economy was indicating resilience. So the number of buyers have outdone sellers in Asia.
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Denmark should signal worry even as Europe glosses over Greece; the peg cannot last long unless the Danish authorities take a holistic view. Pegs are not to be respected by markets and the Danish Crown should see raids to knock the peg off.
Views expressed without any risk or responsibility.
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Denmark should signal worry even as Europe glosses over Greece; the peg cannot last long unless the Danish authorities take a holistic view. Pegs are not to be respected by markets and the Danish Crown should see raids to knock the peg off.
Views expressed without any risk or responsibility.
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