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  • Ah, there’s nothing like a bit of sun, sea and sand. That’s why Tai Tai and I headed for Boracay in the Philippines this week — home of crystal blue water, palm trees and scarily demanding water sports — to rejuvenate the old self and make time for a spot of reflection.
  • There is little doubt that Asia’s capital markets are in dire shape. Bond investors are rightly keeping their money tightly locked away. IPOs are failing or falling; and loans… well the loan market is fine, but give it six months and this European sovereign thing will surely cause a blip. Now is not a good time to be a banker. But it is a good time to be a banker on holiday.
  • Do you want to work at a bank that is growing in size and importance every year? Do you want immediate access to one of the world’s fastest-growing economies, and one of its most exciting capital markets? Do you dream of taking a huge pay cut — but getting a pretty good pension instead? If you answered yes to all of the above, it is time to work at a Chinese bank.
  • There is nothing new under the sun," declared the Book of Ecclesiastes more than 2,000 years ago, and it is hard to disagree with that sentiment today.
  • It has not been a good couple of weeks for my friends in the banking industry. Bond and equity bankers are suffering as deals are cancelled, postponed or held back. Loans bankers, true to form, are living in a different world and are still managing to keep up a hectic pace. But for everyone else, the question arises: what to do with my time?
  • Some people are just plain crazy. I decided this long ago, when I was a fresh-faced, ambitious futures trader trying to figure out a new and sure-fire way to play the market. The job was great — but some of the people I met were stranger than occultists at a Lady Gaga concert.