[lbo-talk] More on global capital's Chinese turn

[dredmond at efn.org]

On Mon, January 3, 2011 6:21 am, Marv Gandall wrote:


> Wall Street Warms to China Story
> By GREGORY ZUCKERMAN
> Wall Street Journal
> January 2 2011

Hmm, the amounts of money mentioned here aren't terribly significant,
relative to things like FDI in China (though even FDI is only a small part
of the story). One of the strange facts about the neoliberal era is that
while Wall Street was running wild, the East Asian banks and Eurobanks
were doing more traditional lending -- which is why Japan's banks are now
solvent and why the Eurocrisis is in the EU periphery, not the core.
Sounds like a few hedge fundsters are beginning to see that the writing on
the post-American wall is in Russian, Latin American Spanish, Brazilian
Portuguese and Mandarin Chinese.

-- DRR