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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: marcher who wrote (162889)9/23/2020 9:52:07 PM
From: TobagoJack1 Recommendation

Recommended By
marcher

  Respond to of 218068
 
It might not be Mickey

Can easily by the duck



To: marcher who wrote (162889)9/24/2020 3:39:29 AM
From: TobagoJack  Respond to of 218068
 
Back to crazies and nuts ... HK at 504,000 out of 7.5M

But then a M is not what it used to be, except when it come to the number of people

In any case 7% is high for any society, and I am guessing 504K is an under-count

I am guessing that 'liquid asset' does not include 9999 gold and recognisable art, true jewellery and limited edition grand complication mechanical watches <<liquid assets – stocks, bonds or currency holdings, excluding property>>


Of course our coffee cost a bit more as well

Protests, riots, revolution, pandemic, lockdown, social-distancing, national security, USA sanction ... everything except kitchen sink, and yet HK stands
crazy 2020, and nuts two decades and three years of CCP rule

I arrived in HK 1984; the 36 years has been interesting.

wonder what would happen if the Team UK Tories / Labour, Team US Democrats / Republicans, and Team China CCP were to run against each other in a 'fair' election to rule HK

scmp.com

Hong Kong has more US dollar millionaires this year, as calmer streets boost confidence and perception of wealth

- As of May 2020, there were around 504,000 people in Hong Kong worth HK$10 million (US$1.29 million) or more in total assets, according to a Citibank report

- ‘Investors estimated their wealth with respect to the general market sentiment and short-term social events,’ says Citibank Hong Kong’s retail bank head Josephine Lee Kwai Chong

...

As many as 504,000 people in Hong Kong are estimated to have HK$10 million (US$1.3 million) each in total assets this year, an increase of 91,000, or 22 per cent, from 2019, according to Citibank’s Hong Kong Affluent Study 2019/2020. One in five of these wealthy people owned at least HK$10 million in liquid assets – stocks, bonds or currency holdings, excluding property – with the median wealth at HK$17 million, according to the poll of 3,500 people aged 21 to 79.

...



To: marcher who wrote (162889)9/24/2020 4:18:32 AM
From: TobagoJack  Read Replies (1) | Respond to of 218068
 
Big Mac Index says HK currency undervalued vs USD by ~54%

Hmmmmn ... need more gold, just in case USD should crater to an extent where the HKD does not care to tag

HK has upside, relative to other lands experiencing burning looting protests riots pandemic lockdown social-distancing etc etc etc, especially as the national security law seems to have put a stop to outside agitation for riots and such, and closed border stopped pandemic

now we just have to find a way to make a living and in the meantime shorting TSLA would have to do

a very strange economy

Big Mac costs HK$ 24.50 (USD 3.16) - seems very reasonable to "let 'them' eat burgers" mcdonalds.com.hk


economist.com