Andy Xie shared his insights in a recent SCMP article on the world’s market volatility. Andy considers that 2015 will be a dangerous year for speculators.
Low interest rates have spawned numerous Ponzi schemes around the world. The time seems to be up, at least for some. The shocks in oil prices, the Swiss franc, internet concept stocks and China’s A-share market are the harbingers of what is to come. For speculators, 2015 will be the year of living dangerously.
The rising US dollar and falling property prices in China are symptoms of an ageing global bubble. They symbolise global monetary tightening in the form of a slowing velocity of money, indicating that less buying and selling is taking place. Bubbles don’t last forever, even with policy support.
Read the entire article here…
Dr Andy Xie 謝國忠, Shanghai-based independent economist, has just been named “ 50 Most Influential Persons in Finance”by Bloomberg, and is currently director of Rosetta Stone Advisors.Dr Xie is one of the few economists who has accurately predicted economic bubbles including the 1997 Asian Financial Crisis and the more recent subprime meltdown in the United States. He joined Morgan Stanley in 1997 and was Managing Director and Head of the firm’s Asia/Pacific economics team until 2006. Prior to that he spent two years with Macquarie Bank in Singapore, where he was an associate director in corporate finance. He also spent five years as an economist with the World Bank.
Dr Xie earned a PhD in economics in 1990 and an MS in civil engineering in 1987 from the Massachusetts Institute of Technology.