I believe that the current dollar adjustment is cyclical.

Either you have a big adjustment like a 20 percent or 30 percent decline, or you have a big recession or you have a slow decline in property prices or several years of no growth.

The dollar is recovering because of position-adjustment.

What we need to see are concrete measures aimed at getting the bureaucracy to pursue this objective, otherwise all this will be just more rhetoric.

What the market is telling the Tiger economies is that they have too much capital in their tradeable sector relative to their competitiveness.

Chinese tourism was the factor that kept Hong Kong from recession,