To: Desmond shum
From: Jeffrey Epstein
Sent Sat 9/17/2011 1:44:49 AM
Subject: Re: Carry trade
currency risk? businesses are too complicated , leveraged securitties seem tomake more sense
2011/9/16 Desmond shum ‹ >
With US interest rate at such low level and Ina sustained way. How to do a carry trade -
borrow in US and invest in China? Buy a leveragable business?
China is in for a period of credit squeeze. There are stable yield asset for purchase. I thought this
is an interesting opportunity.
Your thought?
Desmond Shum
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