Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (7382)	10/25/1997 6:04:00 PM
From: Mark Nelson	Read Replies (2) of 94695

<From the URL it seems the shorts are dead...> Doubt it... The article also mentions: "Massive asset inflation and damage to Hong Kong's competitiveness has, after all, been incurred in return for the stability provided by pegging the currency." HK has painted themselves into a corner. I don't think they can buy themselves out of this one. Japan has already been there/done that. The last paragraph asks: "f it is necessary to risk the integrity of the entire financial system to defend the currency regime the question arises: why keep it?" Why indeed? HK is bound to unpeg, don't you agree? Mark

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