financial crisis

Call it 'disruption' and not a 'financial crisis', says former Fed chair Yellen of ongoing global uncertainties

PARIS (June 29): Contrary to popular opinion, Janet L. Yellen does not see an impending financial crisis from the escalating trade tensions between the US and China, higher current asset valuations and volatility from diverging monetary policies.

In fact, the former US Federal Reserve chair thinks the current financial system is strong enough to withstand any shocks.

“I believe we are somewhat in better position to cope [with a financial crisis]. When you say financial crisis, let me say disruption,” she tells participants at the Amundi World Investment Forum 2018.

Asia can power through another financial crisis

From Bloomberg

(July 3): The Asian nations hit hardest 20 years ago by a crisis that sent currencies and stock markets tumbling, saw governments fall and pushed millions back into poverty, now have some of the strongest buffers in the world.

Twenty years after the Asian crisis, what are the prospects for the region?

SINGAPORE (July 3): Two decades ago, several Asian economies were shattered by a series of financial, economic and political crises that set the region back badly.

Indonesia, Thailand, Malaysia, South Korea and the Philippines bore the brunt of this crisis, while Singapore also took a brief hit. Today, these countries face a world in which great dangers loom, but also one that could generate huge opportunities.

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Trump administration calls for major revamp of Wall Street rules

(June 13): The Trump administration laid out its highly anticipated plan for overhauling bank rules, calling on the government to ease, though not eliminate, many of the strictures that were imposed on Wall Street after the financial crisis.

Hong Kong faces China collateral damage on Moody's downgrade

(May 25): Hong Kong saw its debt rating cut by Moody’s Investors Service hours after China’s downgrade, highlighting potential risks from a tightening economic integration.

The former British colony has seen not only its property and stock markets increasingly entwined with the world’s second-largest economy, but its government as well. Moody’s cut the rating on local- and foreign-currency issuances to Aa2 from Aa1, and changed the outlook to stable from negative.

How one asset manager is preparing for Trumpflation

SINGAPORE (Nov 24): With Donald Trump headed to the White House, Schroder’s Marcus Brookes now expects his presidential policies to pile on further price pressure, otherwise known as the ‘Trumpflation’ effect.

The head of multi-manager at Schroders foresaw the return of inflation a year ago, and has been helping the asset management company tweak its portfolio over the past year to reflect this view accordingly.

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