China continues to fuck with HK....
Comments
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Love Kyle Bass. He predicted this particular crisis a year ago and I’m sure is shorting the fuck out of the HK dollar. The CCP still has some levers to pull to prevent the rug from getting yanked out, but the HK wealthy are converting Everything to US dollars and selling their overpriced real estate en masse already. You do not want to have long investments in HK right now.UW_Doog_Bot said:For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky. -
Hey there little buddy; you got yours too. We all know when it comes to killing bugs, @UW_Doog_Bot ain't callin' nobody else but the Orkin Man himself.Swaye said:
And now we know what I think.UW_Doog_Bot said:For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky.
Keep your head up. -
FTFYUW_Doog_Bot said:
It's Dismal Science!Swaye said:
And now we know what I think.UW_Doog_Bot said:For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky. -
Trump 'displeased' with China's proposed Hong Kong crackdown, McEnany says
https://www.foxnews.com/politics/trump-displeased-with-chinas-proposed-hong-kong-crackdown-mcenany-says -
Looking at the situation objectively I agree it seems like it's gotta go down at some point...but we aren't dealing with a rational actor with the CCP. Hell traders have been saying the same thing for decades and we are still here. How many billions did Soros lose trying to break the HKD?UW_Doog_Bot said:
The HKD peg is fucked at somepoint but otherwise I agree and respect you a little more for this take.GDS said:The HKD has been incredibly resilient through time and their Forex reserves are still very significant so while long term it's possible for a banking crisis to develop and the peg to be in danger, highly doubt it's imminent. Pompeo needs to hold the line with the Chicoms as this is a massive breach of the Joint Declaration. Revoking special status should be the first thing we do. Think this would be an incredible blunder by the CCP to see this through and we should be there to step on their throat if they do.
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We have a system. I call him for economics and brewing, and he calls me for guns and bug spray. It's like a barter economy, which he had to explain to me.creepycoug said:
Hey there little buddy; you got yours too. We all know when it comes to killing bugs, @UW_Doog_Bot ain't callin' nobody else but the Orkin Man himself.Swaye said:
And now we know what I think.UW_Doog_Bot said:For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky.
Keep your head up. -
Sounds good. But take this little bit of advice from your useless lawyer: the minute he offers you beads for anything, I want you to forget he said it and run like the wind.Swaye said:
We have a system. I call him for economics and brewing, and he calls me for guns and bug spray. It's like a barter economy, which he had to explain to me.creepycoug said:
Hey there little buddy; you got yours too. We all know when it comes to killing bugs, @UW_Doog_Bot ain't callin' nobody else but the Orkin Man himself.Swaye said:
And now we know what I think.UW_Doog_Bot said:For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky.
Keep your head up. -
are they being unhelpful?RaceBannon said:Trump 'displeased' with China's proposed Hong Kong crackdown, McEnany says
https://www.foxnews.com/politics/trump-displeased-with-chinas-proposed-hong-kong-crackdown-mcenany-says -
I can appreciate the "But it's the CCP!" angle but there's a lot of different indicators that the end is coming sooner than later. That said, it's economics, sooner can just mean another decade. Still, it's going to take a monumental amount of dollars to make up for everything going wrong for the CCP at the moment. Maybe they'll get Joe Biden in as President and he'll loan them another trillion dollars through the WTO or IMF at negative interest rates.GDS said:
Looking at the situation objectively I agree it seems like it's gotta go down at some point...but we aren't dealing with a rational actor with the CCP. Hell traders have been saying the same thing for decades and we are still here. How many billions did Soros lose trying to break the HKD?UW_Doog_Bot said:
The HKD peg is fucked at somepoint but otherwise I agree and respect you a little more for this take.GDS said:The HKD has been incredibly resilient through time and their Forex reserves are still very significant so while long term it's possible for a banking crisis to develop and the peg to be in danger, highly doubt it's imminent. Pompeo needs to hold the line with the Chicoms as this is a massive breach of the Joint Declaration. Revoking special status should be the first thing we do. Think this would be an incredible blunder by the CCP to see this through and we should be there to step on their throat if they do.
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Would make another in character response but I legit laughed out loud at this one.Swaye said:
We have a system. I call him for economics and brewing, and he calls me for guns and bug spray. It's like a barter economy, which he had to explain to me.creepycoug said:
Hey there little buddy; you got yours too. We all know when it comes to killing bugs, @UW_Doog_Bot ain't callin' nobody else but the Orkin Man himself.Swaye said:
And now we know what I think.UW_Doog_Bot said:For those of you who have been following my HK/CCP takes this is pretty much all of that, so congrats! You are more informed than probably 99.99% of our public and probably 81%(really 99%) of our legislators.
TLDR, the CCP is once again attempting to pass laws to bring their style of authoritarianism to HK. HK doesn't like that and knows it's bad for business. The US can reject HK's special status as independent if the CCP does this. The CCP was probably hoping that the pandemic would give them cover to pull this off while the rest of the world is busy.
The other story to this is the HK to dollar peg(for layman that means that the CCP sets the HK $ to our $'s value for monetary policy). The CCP has been having to defend this peg since their money and a large section of their economy is monopoly money. If that peg breaks and they let the HK dollar find it's "actual" value we could see a devaluation of Chinese assets across the board that makes the previous Asian monetary crisis pale in comparison.
For @PurpleThrobber this is what Kyle Bass has been harping on for two years. It's going to happen but when? This might be it, it might not be *shrug either way it should be chinteresting.
It will be interesting to hear noted economic intellectuals @BearsWiin, @HHusky, and @insinceredawg's thoughts on the matter. I fully expect @GDS to come in and describe how the lawlessness of HK left the CCP no choice but to crack down. He might also describe how good the underside of a communists boot tastes if we are lucky.
Keep your head up.
