Hello John, Not so fast. There are some fatality cases being privately talked about but not reported in very out-of-the-way places in North America and that is always worrying, and some very young folks are getting killed in HK.
The nature of the opposition is not clear as yet, and so I am being max cautious (slow) in buying shares in HK. The valuations are in the OK range historically speaking. In the mean time, lots of free time, relatively speaking.
I will take my first trip to Beijing this coming Sunday, and so will likely have my temperature taken, shoes examined, ID checked, whereabout registered, and generally bothered.
I will phone ahead to BJ to see what the state of panic/hysteria or preventative caution is.
Matters of science are not clear yet.
Matters of economic have got an ugly outline ...
Message 18834299
Message 18831192
Message 18831247
Message 18827624
Message 18827291
The bright side is that HK may de-couple from the US and have its bubble-residual asset prices sent to THE BOTTOM pronto, instead of being held up by low interest rates or hopes for fast global V-shaped by second-half recovery.
The issue for domestic HK businesses (as opposed to re-export types) is one of revenue and debt to asset value, not of labour cost, red-tape, tax burden, skill level, debt servicing cost, or anything else. SARS can punch through all psychological defenses and dash all hopes.
Chugs, Jay |
