President Obama is saying all the right things during his trip to Asia, in my opinion. First US president to meet with the leaders of ASEAN (Association of Southeast Asian Nations) and he calls them partners.
I'm very pleased that President Obama decided to use his meeting with ASEAN leaders to put pressure on Burma to free Aung San Suu Kyi. The previous policy of ignoring ASEAN and the situation in Burma was clearly not working.
And, ASEAN has a 600 million population with a hodge podge of Muslim, Christian, Buddhist and Hindu.
I think President Obama has left for China this morning. The Chinese markets are welcoming him with Hong Kong up 1.49% and Shiang Hai up 1.80%. I told Thai investors to buy and keep buying this morning and thankfully that is panning out.
I told investors that I believe that Obama's trip will yield results whether it is apparent or not. China may not give anything away during the visit, but currency markets are likely to anticipate a more amicable relationship and understanding to resolve the imbalance of trade issue in an orderly manner that still protects China as the largest holder of US government debt.
Correct or not?