Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (19084)	5/18/2002 8:57:11 AM
From: TobagoJack	Read Replies (1) of 74559

Hi CB, <<Can you short the HK dollar?>> Yes, but advise against the temptation as all who tried before is less or no more, because they forget, there is at least US$ 1 in reserve for each HK$ 7.8 in circulation. Most folks I know keep their savings in USD denomination. HK can dollarize overnight without skipping heart beat. <<would not count on that 7.8 peg holding>> I think the peg will hold, easily, because the USD will go down against the currency of HK's other trading partners except China. Time will tell if the script is right. Chugs, Jay

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