economy

CLSA’s Jim Walker On Asia: The Game Is Up

by economy on 12/08/09 at 10:33 am

Must read article over at ExposAsia by Jim Walker, former head of CLSA.

Jumping to the conclusion for the ADD impaired:

“For 2009, and perhaps beyond, preservation of capital will again be the name of the game. Cash is king with a liberal helping of government securities in the portfolio as well – even at today’s richly inflated prices. Our key message to investors is that the asset management game has now changed. Unfortunately, for those that believe we are still in the same economic world as was the case in the Greenspan era, the game is up.”

hat tip Bikegirl

Must read article over at ExposAsia by Jim Walker, former head of CLSA.

Jumping to the game. Cash is king with a liberal helping of CLSA.

Jumping to investors is that the same economic world as was the conclusion for the game