YesPatrick Reid from the consultancy Adamis Principle Working from home conjures up a lot of images in my mind and none of them are productive. I get it, back
EXCLUSIVE: China s economic recovery is disappointing expectations as questions are raised about the future of the country s largest private real estate developer.
allowing it to payjust over $1 billion of its imports this month in the chinese currency. and today, the argentine economy minister sergio massa is travelling to china to seek even greater use of the yuan in foreign trade. live now to patrick reid, co founder of the adamis principle, a consultancy specialising in global currency markets. china has been touting this as a rival to the us dollarfor some time. how successful has that been with other countries? it is really not that great insignificance purely because if you look at the bank of international settlements statistics, the dali is 88.
are robust and stable. patrick reid is co founder of the adamis principle which is a markets trading consultancy based here in london i v e i ve got to start by asking, confidence is key this banking, so why are we still seeing this sell off? it why are we still seeing this sell off? . , , ., . ., . off? it really is a confidence issue. now, off? it really is a confidence issue. now, credit - off? it really is a confidence issue. now, credit suisse . off? it really is a confidence l issue. now, credit suisse and deutsche bank have had their problems and you can see that specifically in deutsche bank from 2016 and 2018. you can see that in a reflection of derivatives market. at the moment it was a spike late on thursday to 173, that caused the huge sell off and the price is never wrong, the price is always right. it is a lack of confidence for risk takers they would rather sell
be what does the global market make of it? do they pick up or will they keep sliding? find of it? do they pick up or will they keep sliding? keep sliding? and that is the question- keep sliding? and that is the question. thank keep sliding? and that is the question. thank you. - i m joined now by patrick reid, the ceo and founder of trading consultancy adamis principle. he s also mentored clients from goldman sachs, jp morgan and credit suisse. someone who knows the banking world incredible well. what you think about this reported offered by ubs to buy credit suisse for 1 about this reported offered by ubs to buy credit suisse for1 billion us dollars customer is it reasonable? us dollars customer is it reasonable? ., , ., , reasonable? no, it is not. only in 2019 the numbers reasonable? no, it is not. only in 2019 the numbers were reasonable? no, it is not. only in 2019 the numbers were around i reasonable? no, it is not. only in. 2019 the numbers were around $40 billion, bu