Archive for November 17th, 2008

Testimony of High-flying Hedge Fund Managers

Posted in Uncategorized on November 17th, 2008 by Paul Deng – Be the first to comment

Links to the testimonies of last week:

George Soros of Soros Fund Management

James Simons of Renaissance Technologies

John Paulson of Paulson & Co.

Ken Griffin of Citadel

The Age of Aging

Posted in Uncategorized on November 17th, 2008 by Paul Deng – Be the first to comment

How does the demographics change the world economy? Is China ready for the aging society?  According to UBS' Magnus, the median age of China will be 47 in year 2040, that's 2 years older than the US. 

China's one-child policy is pushing China onto aging society faster.  China needs to establish its social security system sooner and at one point, the one-child policy also has to be abolished.

Listen to this interesting interview  (source: Bloomberg)