Anthony Comorat Believes Investors Favor China


Posted May 23, 2013 by anthonycomorat

Anthony Comorat gave his professional opinion on global markets in a Bloomberg poll.

 
It made news when the City of New York bounced back from economic crisis. It made news in an article by Bloomberg, that despite New York's roughest crisis in 70 years, the city was still the world's leading global financial center. However, despite New York's strong position, many investors, analysts, and wealth managers saw the growing strength of foreign markets.

Within the article, many financial professionals were quoted for their responses to the Bloomberg poll. Florida resident and wealth-manager Anthony Comorat was one of several responders quoted within the article. The primary argument of the article was the continued strength of New York for financial services. However, poll respondents pointed to other markets including Singapore, London, Shanghai, and Tokyo.

According to the article, and supported by respondents including Anthony Comorat, was the belief that foreign markets including China offered the best opportunities for those seeking careers in finance and investing. Next to China stood Brazil and India. Anthony Comorat was one of 11 percent of poll-takers who saw Beijing as having the greatest influence over finance in Asia. Anthony Comorat and others saw China as a market with huge growth potential.

Anthony Comorat believed the growth of China would be a result of the United State's tight credit due to the financial crisis. In his view, China provided the optimal environment because China, unlike other countries, was not experiencing a financial crisis and had a budget surplus. Anthony Comorat was quoted for saying their surplus allowed the country to operate global business on an unprecedented scale. In his experienced view, this meant China could provide financial services that neither the United States or European Union could compare to.

The article recognized that many investors wanted to work in cities already known for their financial services but the best opportunities to make money would be through investing in the growing markets of China, Brazil, and India. At the time, over 60% of financial professionals taking the poll were confident in investment in China, India, and Brazil. Unfortunately, Anthony Comorat was less confident about the United States. Based off the poll, less than 50% were positive about investing in the United States or European Union. Tokyo held the least bit of investment confidence and Anthony Comorat explained it was due to Japan's aging population, large debt in relation to economic output, and repeated periods of deflation.
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Last Updated May 23, 2013