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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: SirWalterRalegh who wrote (2901)	7/30/2019 9:21:39 AM
From: elmatador	1 Recommendation Recommended By Elroy Jetson Respond to of 13800

HK has outlived its usefulness.

To: SirWalterRalegh who wrote (2901)	8/2/2019 9:31:45 AM
From: elmatador	Respond to of 13800

South Korea has warned Japan against escalating a dispute that could upend a trade relationship worth around $80 billion and threaten the global supply chain for smartphones and electronic devices. South Korea is Japan's third largest trading partner, buying about $54 billion worth of Japanese goods, including industrial machines, chemicals and cars, according to a trade data tracking tool affiliated with the Massachusetts Institute of Technology. The standoff between the two countries started earlier this month when Tokyo placed controls on exports of three chemical materials to South Korea. The materials — fluorinated polyamides, photoresists and hydrogen fluoride — are used to make computer chips, among other things. edition.cnn.com

To: SirWalterRalegh who wrote (2901)	8/10/2019 2:37:23 AM
From: elmatador	Respond to of 13800

HK economic slump worse than the 2003 Sars outbreak. Some analysts connected the RMB devaluation to the HK situation (starts at 1:17 in the Youtube) The combination of riots in Hong Kong and a devaluation of the yuan are the stuff that cash withdrawals capital flight are made of. If you were stuck in a high rise building in Hong Kong watching throngs of people break stuff and cars trying to ram through protesters, wouldn’t you want to have a little bit of extra cash on hand? If you were in an investor or a prospective investor in Hong Kong, wouldn’t you be getting a little bit nervous and hold off some of the capital you previously may have wanted to deploy? ... (The) longer the unrest in Hong Kong festers, the higher the chances of some kind of systemic shock, which could upset currency pegs and really cause some serious volatility. Both the yuan (CNY) and the Hong Kong dollar (HKD) are pegged to the U.S. dollar, which means central banks in charge of both the CNY and the HKD actively target an exchange rate range. The problem is that if you look back at the HKD supply relative to the USD supply this century, you’ll see some pretty big imbalances. The HKD supply is up 300% since 2001. The USD supply is up only 183% this with stable, manipulated exchange rates. The Hong Kong monetary authority sets its USD peg at between 7.75 and 7.85 per USD. It has never gone above 7.86. We are now at 7.83. If the Hong Kong riots progress into a real revolution, then the market is going to want to push down on HKD in favor of USD, just because that’s what people do when they panic. They buy dollars, or gold, or maybe this time Bitcoin (BSV), too, though that’s a separate matter. Plus, the supply growth imbalance between HKD and USD over the last 20 years means that demand for HKD has outstripped demand for USD all other things being equal. A swing back to USD demand could create strong pressure against the HKD from pent up supply imbalances. If the Hong Kong Monetary Authority wants to maintain its peg in this case, then they are going to have to drain HKD out of the banking system and raise interest rates, which means Hong Kong stocks will dive. https://calvinayre.com/2019/08/06/casino/hong-kong-turmoil-yuan-devaluation-and-the-boiling-asian-hot-pot/

To: SirWalterRalegh who wrote (2901)	8/10/2019 6:28:34 AM
From: elmatador	Read Replies (1) \| Respond to of 13800

Property speculators in HK do no allow land reclamation to speed up and create housing The Lantau Tomorrow Vision met fierce opposition immediately after its publication. Roy Tam Hoi-pong of the environmental group Green Sense, expressed his worry that the project would drain the city’s coffers, estimating it could cost up to HK$1 trillion (US$128.2 billion), almost all of Hong Kong’s fiscal reserve The land reclamation project "with a capacity of accommodating population of about 400,000 to 700,000 and creating employment of about 200,000 The people on the streets are fighting for a roof above their heads. In the midst of Hong Kong’s turmoil, Carrie Lam must prioritise the housing crisis and get tough with property developers The chief executive found the political will to introduce the ill-judged extradition bill. Surely her energy would be better expended on securing land in the New Territories for public housing projects, using emergency powers if necessary scmp.com