The long run, the short run and the in between: “How does the global economy rebalance itself?”

- Questions to be answered
• "What is the impact for the financial markets if the US ‘double dips’?"
• "Is the global economy headed for inflation/deflation or stagnation?"
• "Will the European economy face another financial crisis?"
• "Will emerging markets be able to de-couple?"
• "What is the future for China and Thailand over the next 5 years?"

Nomura Strategy Research August 2010