China Still Has a Lot of Problems: Ostwald

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Oct. 16 (Bloomberg) –- Monument Securities Global Strategist Marc Ostwald discusses China’s issues with the U.S. Debt ceiling with Anna Edwards and Mark Barton on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

Your advice and look further afield to take their money?

You talk about emerging markets.

I think they are radial and had to look at that big race that we saw this week to see what you expect it with treasury yields rising and the dollar depreciating.

You would have expected them to actually -- they rose.

It basically tells us that they have and the diversifying -- been diversifying.

They are basically -- you can see with the euro, it is somewhat counter to the eurozone's basic overall stakes at the current point in time.

Definitely laterally the australian dollar.

I would be very surprised.

The average investor is trying -- china is the place you should be looking at, the chinese yuan.

We should all of our exposure to the chinese.

It will be overtime one of the most important currencies in the world.

What better moment than to do it now when things are quite more controlled by the authorities in china.

They controlled the exchange rate and where interest rates are at the short-end of the chinese curve.

You do not have to be investing in chinese property names.

There are lots of double a and triple a. i think it offers a good safe haven from where we are now.

30 seconds on the u.k. unemployment.

Further clues as to when rates will rise today or not.

I doubt it.

What we want to be looking for is what does a profile for vacancies look like?

It should be picking up will stop how much of a fall or a rice for unemployment -- rose for unemployment is.

This move is going to be glacial.

Thank you.

I like that.

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