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


To: pak73 who wrote (3196)9/2/2019 12:11:25 PM
From: Elroy Jetson1 Recommendation

Recommended By
pak73

  Read Replies (1) | Respond to of 13877
 
Yes, Kyle says Hong Kong is a net-importer of goods.

The US has not imposed import tariffs on what few goods Hong Kong exports because China doesn't send any goods to Hong Kong for export.

But the US has announced they will impose import tariffs on Vietnam if they continue to let China's criminals export goods to the US through them.

Hong Kong is a exporter of services, primarily to China.

There are no import tariffs on services.



To: pak73 who wrote (3196)9/2/2019 3:14:57 PM
From: GPS Info1 Recommendation

Recommended By
pak73

  Read Replies (2) | Respond to of 13877
 
KYLE DOES INDEED SAY THAT HONG KONG as a separate ENTITY does NOT Pay Tariffs.

Why do you think this is important?

From your earlier post: The U.S. products have no trump tariffs on them ! ! Seems hard to believe.

Why is this hard to believe?

The context on these comments was much more important than any tariffs: Kyle Bass was commenting on the extradition treaty that Hong Kong was formulating and its potential effect on its economy.

@28:50 - The Brits agreement with Hong Kong and the US agreement with Hong Kong, for instance, the 1992 US-Hong Kong Policy act is re-ratified annually. The State Department submits a report to the President and then it’s up to the President to either take the State Department’s recommendation or do whatever he wants to do. If he determines that they are no longer sufficiently autonomous, we can treat Hong Kong as China. Well, that changes the entire complexion of Hong Kong’s economy, meaning all of a sudden, all the tariffs, all the restrictions, all the rules of trade that we engage with China on, we start treating Hong Kong that way. Today, Hong Kong is treated as its own sovereign. There are no tariffs, it’s free trade, unabated free trade.

If the US treat Hong Kong like China, there will be massive tariffs and massive disruptions to the Hong Kong economy.

Bass: It's always one thing. It's always the wealthy lose faith or fear the government and they start moving their assets out... So, if the wealthy in Hong Kong either convert to dollars or start leaving, which I think both will happen, then Hong Kong is finished.

Question for the board: is TJ smart enough to get his ass out of Dodge? (Assuming he hasn't already.)



To: pak73 who wrote (3196)9/9/2019 2:51:52 AM
From: elmatador1 Recommendation

Recommended By
pak73

  Respond to of 13877
 
For TJ start singing here goes the lyrics of the

US National Anthem

Doro

Oh, say can you see,
by the dawn's early light,
What so proudly we hailed
at the twilight's last gleaming?

Whose broad stripes and bright stars,
through the perilous fight,
O'er the ramparts we watched,
were so gallantly streaming?

And the rockets' red glare,
the bombs bursting in air,

Gave proof through the night
that our flag was still there.
O say, does that star-spangled
banner yet wave
O'er the land of the free
and the home of the brave?




To: pak73 who wrote (3196)12/15/2020 1:57:24 AM
From: elmatador1 Recommendation

Recommended By
pak73

  Respond to of 13877
 
Yesterday. News of trucks with vaccines arriving, same day of the electoral college.
What next?
End of stumulus = All is normal=Biden Honeymoon begins.
The vaccines start "taking effect" February 1st...

That is the script.




To: pak73 who wrote (3196)12/15/2020 2:04:38 AM
From: elmatador1 Recommendation

Recommended By
kingfisher

  Respond to of 13877
 
China will stimulate forever.

Must maintain coronavirus stimulus to ensure full economic recovery, says prominent Beijing adviser
Prominent economist Liu Shangxi says

China should not scale back the economic stimulus it rolled out to combat the coronavirus

Beijing must also address ballooning local government debt and should consult incoming Biden administration to reduce tensions, Liu says

“It’s inappropriate to exit macroeconomic policy soon. Otherwise, it could risk falling short of success,” Liu Shangxi, head of the Chinese Academy of Fiscal Sciences, an affiliate of the Ministry of Finance, said in an exclusive interview with the South China Morning Post.

“The stability and continuity of economic policies should be maintained.”

Elmat: else 5-yeat plan collapses

https://www.scmp.com/economy/china-economy/article/3110727/china-must-maintain-coronavirus-stimulus-ensure-full-economic