18 Mar '12, 12pm

Lee Kuan Yew: Euro Debt Might Be A Good Buy, After All

Investment tips from Lee Kuan Yew. Wall Street Journal : Singapore’s founding statesman, Lee Kuan Yew, has long been critical of the profligacy of Western governments, even before the recent debt crises in the U.S. and the Eurozone brought the world’s financial system to its knees. But now he’s singing a slightly different tune and advising some investors – notably China – to load up on European debt. … “China has US$3.18 trillion in foreign exchange reserves. If the EU becomes mired in Greece’s economic difficulties, China’s exports to Europe will decline,” Mr. Lee said in a column published in Singapore’s The Business Times Friday. “Now is a good time to invest in distressed and undervalued European assets, euro debts and euro bonds,” he wrote in the column, which also appears in the March 26 edition of Forbes Asia. … But his most recent musings contrast somewhat with a ...

Full article: http://leewatch.info/2012/03/18/lee-kuan-yew-euro-debt-mi...

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