HSBC: ‘Korea is Barely Breathing’; The Fed Will Not Raise Rates

Fascinating discussion on Bloomberg, with the co-head of Asian economic research, Frederic Neumann. Some of his key points were the deleterious condition of the Korean economy. China’s main concern being stability, on a month to month basis. And, Japan being out of tools to control their currency, essentially relying upon prayer to bail them out.

Lastly, given all that he’s seeing in Asia, he doesn’t think the Fed will move any time soon, with regard to interest rates.