A. Gary Shilling (for Info only, not official)

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A. Gary Shilling

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    ...Many problems stand in the way of the “Asian century”. Japan dazzled Westerners with the speed of its recovery from the ashes of World War II. Japanese purchases of US trophy properties such as the Pebble Beach golf resort in California and Rockefeller Center in Manhattan in the 1980s, on top of leaping property and equity prices in Japan, convinced many that Japan would soon take over the world. Japan’s economic decline in the early 1990s did not curb the fascination with Asia. It simply shifted to the Asian Tigers. The original four, Hong Kong, Singapore, South Korea and Taiwan, were later augmented by the likes of Malaysia, Thailand, the Philippines and, of course, China and, more recently, Pakistan, Vietnam, Indonesia and Bangladesh. The late-1990s Asian financial crisis only temporarily disrupted Western fascination with the East. ...

    Live Mint on April 2, 2017, 11:07 p.m.