20 Quotes by Carlos Asilis

Whether retail money is going to rotate back into the market in a huge way is the key. My guess is it's not going to happen.

There is a risk that if China liberalizes the foreign exchange system when the banks need to be recapitalized, there could be trauma in the system. My impression is that the Chinese are going to be as gradual as they can.

Yes, it's an unambiguous positive. But in terms of its overall importance, it's only marginal.

Obviously, the economy ails from important secular imbalances; there's a lot to be concerned about. But the cyclical forces indicate that, at least over the coming quarters, visibility is high.

Nobody can pinpoint when this process will come to an end. But it is very clear that it can't go on forever. Do you let this bubble grow, or do you do something about it?

Cash levels are very low. The bullish case is to say that money-market fund levels are very high, which means that investors have the wherewithal to rotate back into equities. My take on that is I wouldn't hold my breath.

I take great pride in the integrity and quality of our product, which often reflected non-consensus calls, even within the bank.

That would be a positive. Some of the world's excess capacity would be ameliorated.

The deal is a clear sign that it still pays to be overweight Mexico and we expect to see more upside.