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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (63082)	4/30/2005 4:52:58 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

david, <<RMB/Yuan so that it trades 1:1 with the HKD>> coincidentally, had dinner with wife's friends, one of whom is a director level officer at hong kong monetary authority (hkma, central bank), and he figures ... (a) rmb will revalue upward against the usd at some point (b) folks are and will spec on it via purchase of hkd, believing hkd to be pegged to rmb (c) folks will be disappointed on the hkd-rmb link (d) hkd will continue to be tagged to the usd, and will depreciate against rmb (e) hkma will likely have to decrease interest rate to defend the peg, thus flooding the system with cheap liquidity, to below inflation level (f) hk real estate will likely go back to bubble conditions ala pre-1998 asian financial crisis days (usd 2,000/square foot for apartments) (g) he is shopping to add to his several apartment holdings i wagered against him on gold starting in 1999/2000, i won the last round the next round? he may be correct, although i believe rmb revaluation is not in the cards. however, yen/wong revaluation must eventually be, as china's overall trade with world is in balance, whereas japan and korea's trade with world is in overall surplus japan's liquidity had in the past affected hk real estate prices, as had korea and taiwan chugs, j