The Absolute Return Letter – July 2012

"This month’s Absolute Return Letter picks up on the question we left hanging in the air back in May – is Asia a potential re-run of Europe? Although policy rates appear to be dangerously low, and thus encouraging further borrowing, Asia has come a long way since 1997 and there is no immediate risk of a financial meltdown. Australian property prices and commodity prices – in particular crude oil prices – are more likely ‘credit event’ candidates in our opinion.
Enjoy the read and the summer. Back in September."

Link to the newsletter
http://www.arpllp.com/core_files/The_Absolute_Return_Letter_0712.pdf

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