The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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From: elmatador	6/18/2019 12:53:45 PM
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Capital flight? Good bye dollar peg ! Hong Kong was already suffering with the capital flight to Mainland China. Last month, QUOTE Ambrose Evans-Pritchard 14 May 2019 The regulators in Hong Kong are increasingly nervous about the accelerating pace of capital outflows from China after the collapse of trade talks, fearing a wave of financial turbulence that could jeopardize the hub's longstanding dollar peg. The Hong Kong dollar has fallen to a 33-year low and is testing the limits of the enclave's currency board regime. The Hong Kong Monetary Authority has been forced to intervene twice over the last week UNQUOTE When the people went to the streets, capital flight to mainland china was added to capital flight to Singapore! Carrie Lam panicked. Kow towed to money flow.

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