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Ray- if bunch of destructive minds who have nothing to loose as they are all cash want to set this world at fire by planting unfounded news I will keep writing what is behind the news, think why the global media was in unison trying to condemn the Hong Kong authorities when they were trying to save themselves from vandals attack, imagine if someone tries to call on all my loans using dirty tricks, although I am a very prudent investor I would have difficulty paying out the entire sums, this is what people fail to understand. The money spent on all these countries is in long term projects, it is impossible that all this exodus of funds can be supported with reserves of the government, the funds have found a new way to make money, they will first identify a market as a hot market, pour in funds which are difficult to handle by the host government, the governments employ these funds in long term projects and funds keep pouring in markets where IMF asks the countries to maintain convertibility on capital accounts, now the stock markets and the currency appreciates as emerging markets are touted as new haven, all of a sudden it is realized that most of the monies have been invested in long term projects, now they start shorting the currency, they borrow in Ringgit and will transfer the proceeds in $'s outside, once the funds see that cumulative current account deficit of the country in question has reached a proportion which is unsustainable without continuos flow of funds they go for the jugular. The countries have to pay through their noses, now China is an exception, because you are not able to maintain the short positions in Yuan, now the story these shorts were selling was that Yen weakness has slowed Chinese exports, I predicted that they cannot have it two ways when Russia is a threat we will see geographically further currencies and assets appreciating this is what happened with Yen with Russian threat, so since Yuan devaluation threats are now in background, and they were caught wrong footed in Hong Kong they cried foul, my ass free market, the governments needs to tackle these funds in kind, on Friday they did all possible to get these markets HSI in HK lower but the HK guys just threw money and all these shorts ended up paying big time, now if they want to play the game again the markets were allowed to drift lower today they can come in again and short the market, the interest rates will certainly head lower the catch 22 situation is being unraveled and we will see a higher market, ask me more about it if I am not clear...this is the only thread which goes behind the news all this fresh guys of FT WSJ and IHT they need to investigate a little further, they are right now playing in the hands of shorts and HK showed them on Friday 'no one dares win' , HK will head lower let them come and short again those who want double play can play against the 7 billion HK $ profits which HGK guys have made, they talk about expense no one is talking about huge profits Government has made out of trading, the HK government is the largest hedge fund and Mahatir should know instead of crying foul he should have had enough reserves to shove them with their own medicine.. . |
