HK’s Tsang fears the Fed


Donald Tsang, the chief executive of Hong Kong, said on Friday that he was "scared" the Federal Reserve's crisis-fighting measures were fuelling the next financial disaster.

Speaking in Singapore on Friday, Tsang said he feared the US's policy response mirrored that of Japan in the late 1980s.

He voiced concern that a dollar carry trade, fuelled by cheap US interest rates, was causing problems with capital inflows in Asia, an argument promulgated by Nouriel Roubini, the New York University profe

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