Kevin Hebner
- IP Asia
Still nervous about the hand-off
Investors might consider taking only a modest amount of long equity beta, saving their focus and risk-budget for pair-trades.
- IP Asia
Asian policy-makers must remain vigilant
by Kevin Hebner - We are likely to see a wave of defaults. T this is what typically occurs within a couple years of a major financial crisis.
- IP Asia
Asia's boom hides system fragility
by Kevin Hebner - the Asian the financial system remains under-developed, a failing that could take decades to rectify. This is particularly true of China, which requires dramatic liberalization of fixed income and FX markets, and the phasing out of its stringent capital controls.
- IP Asia
China heading for disaster on the RMB
Beijing’s determination to avoid a dramatic RMB appreciation reinforces a monetary and FX dis-equilibrium that perpetuates large and unsustainable external imbalances that are without precedent.
- IP Asia
The Sweet Spot - in its final days
The subsequent three months will be quite bumpy, as central banks attempt to clarify how they will time and sequence their exit strategies. In this spirit, Treasury Secretary Geithner recently cautioned that the recovery will have “more than the usual ups and downs”
- IP Asia
Why we’re in for a bumpy ride
I am not a perma-bear and do not deny the existence of green shoots, but just question how much confidence investors should take from a bit of “bad, but less bad” data.
- IP Asia
Bail-outs are not zombie lending, but there are parallels
Kevin assesses the US financial system meltdown in the context of Japan’s 15 year malaise
