Friday, 14 August 2009

V Shaped Recovery - No Way

The "worst is over" for the economy, according to Li-Ka-shing, however there is still a long way to go before a full recovery.

Despite surges in the stock and real estate markets, the tycoon poured cold water on the idea the economy is recovering from the financial crisis.

"Superman" Li said he is not buying shares for now and warned investors, especially those with borrowed money, that they should remain cautious.

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