Released on: July 11, 2008, 2:51 am

Press Release Author: Fiona Davis

Industry: Financial

Press Release Summary: Cornerstone Worldwide Theorises on How High Oil Prices Will
Help Asia Decouple

Press Release Body: Cornerstone Worldwide are thought to have left clients
speechless after reportedly dubbing high oil prices a ``good thing\'\' for Asian
economies and currencies. Their reasoning centres on a clear and present need for
Asia to become less dependent upon exports and more so on local demand a source
close to Cornerstone Worldwide theorised. This "weaning off" reliance upon exports
is referred to as "decoupling" and has been the subject of much debate since the
onset of the credit crunch in 2007.
Surging oil prices that are raising Asian exporters\' costs to ship goods to the West
will encourage them to focus on home grown customers although Cornerstone
Worldwide's report is thought to consider this theory as a longer term event since,
currently, the high price of oil is causing considerable consternation among
governments wrestling with the crippling cost of subsidising fuel prices.
Cornerstone Worldwide have come to prominence in recent years with largely
contrarian and divergent approaches to equity and commodity investment for their
high-net worth client base.

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