From: Desmond shum
Sent: Saturday, September 17, 2011 1:56 AM
To: Jeffrey Epstein
Subject: Re: Carry trade
I think it is a relatively safe bet rmb will rise 5/7% per annum vs. U=D.
I am thinking well leased office building and shopping mall.
Desmond Shum
2011.9-17. 9:44. "Jeffrey Epstein" <jeevacation@gmail.com> a?BA
currency risk? businesses are too complicated , leveraged securi=ties seem tomake more sense
mn hm
With US interest rate at such low level and Ina sustained way. How to do a =arry trade - borrow in US
and invest in China? Buy a leveragable business?=br>
China is in for a period of credit squeeze. There are stable yield asset fo= purchase. I thought this is an
interesting opportunity.
Your thought?
Desmond Shum
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