The world’s best borrowers in 2006
With markets still looking for direction after weeks of volatility, Marty Feldstein – the man many thought should have been the next Fed chairman – opened by saying that the dollar should and likely would fall fast, and soon. David Cameron, leader of the UK opposition Conservative Party, burnished his reputation as a coming man when closing the conference with a question and answer session with Euromoney Institutional Investor chairman Padraic Fallon. The next night, unfortunately, he fell foul of an ambush on prime time TV when asked whether he dreamed of party leader Margaret Thatcher when he was an adolescent...
Over two-and-a-half balmy summer days, the 700-plus delegates heard from most of the world’s top borrowers, ate and drank at numerous parties and receptions and, oh yes, got to watch just a little of the football World Cup...
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| “Dollar is overvalued by 40%” -Martin Feldstein, former White House economic advisor |
“Risk hasn’t returned to markets; it never went away” |
“Yes, absolutely. |