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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Mark Nelson who wrote (9510)11/11/1997 1:33:00 PM
From: P.T.Burnem  Read Replies (2) | Respond to of 94695
 
It's a Catch 22: weakening HK$ -> higher interest rates -> falling real-estate prices -> banks being beset with bad real-estate loans -> depositors fleeing to quality -> weakening HK$ ...

One has to wonder for how long the HK authorities can continue to defend the peg and at the same time keep their financial system afloat.

PTB