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Author: | Leahy, C. |
Title: | Is it time to fold on Asia's US gamble? |
Journal: | Euromoney
2004 : MAR, VOL. 35:419, p. 41-42, 44, 46 |
Index terms: | Economic policy Foreign exchange Currency Stock markets Asia USA |
Language: | eng |
Abstract: | Asia's leaders are playing a dangerous game of poker with the U.S, accumulating dollar reserves even as the U.S. currency falls. Excess liquidity is driving stock markets in Asia and threatens to inflate bubbles while economic restructuring is patchy. The game cannot continue indefinitely: the end could be ugly. |
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