Lee Kuan Yew had a dialogue with Bill Clinton at the Clinton Global Initiative Asia meeting at the Grand Hyatt, Hong Kong today.

Story on Channel News Asia, with brief video clip:

Foremost on the minds of participants is how long the global financial crisis will last. Mr Lee expressed confidence that the US Treasury would be able to revive the economy.

“The unorthodox must be considered and I’m quite sure that the team-in-charge is quite capable of thinking up all the sums and all the equations. What they do in the next three to six months will decide whether it’s going to be long and deep or medium and shallow. I do not believe it’s going to be a short V-shaped recovery, it’s not possible,” the minister mentor said.