Carlos Asilis
Carlos Asilis
beneficial comments latin markets
The comments are more beneficial for Latin American markets than the market was expecting.
coming concerned cyclical economy forces indicate secular visibility
Obviously, the economy ails from important secular imbalances; there's a lot to be concerned about. But the cyclical forces indicate that, at least over the coming quarters, visibility is high.
bullish case cash fund hold investors levels means
Cash levels are very low. The bullish case is to say that money-market fund levels are very high, which means that investors have the wherewithal to rotate back into equities. My take on that is I wouldn't hold my breath.
overall terms
Yes, it's an unambiguous positive. But in terms of its overall importance, it's only marginal.
guess huge market money retail whether
Whether retail money is going to rotate back into the market in a huge way is the key. My guess is it's not going to happen.
banks china chinese exchange foreign gradual impression risk system trauma
There is a risk that if China liberalizes the foreign exchange system when the banks need to be recapitalized, there could be trauma in the system. My impression is that the Chinese are going to be as gradual as they can.