"The fact is that with the world awash with cash for so long none of us really knows whether the fundamentals stand. In market terms, "good fundamentals" such as current account surpluses and international reserve accumulation have been the corollary of easy money"
...
"More important, investors need to be convinced that "all people that have been burned (hedge fund clients, pension funds, Asian and European banks, ordinary investors and so on) will be willing to take on the next set of issues at the same price as they did before"
- Lai See quoting Dr Jim Walker of CLSA on SCMP
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