Hello Elmat, good day to you. Cold day here – perfect sweater and leather jacket weather. Hong Kong is quiet on my side of the island, and so all is well.
News reports say there is quite a bit of unrest, caused mostly by Koreans and Hong Kong Chinese, perhaps in ratio of 60/40. 900 folks have been locked up. The Hong Kong organizers of the protest already admitted that things got out of hand (“but the police should have warned that they were going to use tear gas”).
The folks visiting from out of town, mostly Koreans again, and who are under arrest, are also checked in at various hotels, have their credit cards on file at the hotels, and given that they are also in jail, cannot check out of the hotels.
Sweat deal for Hong Kong, if we can keep the Koreans under arrest for . . . say one year, and loot their credit lines, we can sharply increase the balance of payments in our favor :0)
I browsed through the latest issue of BusinessWeek last night, the “Where to Invest ‘06” issue. I am very happy. Nowhere did the magazine mention . . . gold, platinum, palladium, or even, for complete stupidity, base metals. The bull market in metals is therefore possibly very young; may not even been born yet. I love it.
Chugs, J |