Here's the core "rather than simply competing head-to-head with private credit, banks have made the calculation that they must embrace the new world and form their own copycats" Banks wonder whether to beat private credit upstarts — or join them https://t.co/GTiOmfpDIx 来自 @ft
should this not give a clear enough direction for Hong Kong properties? What's the point of speculating on rebound timing ... with or without rate cuts
The BofA chart is very in line with what I said on Bloomberg's China Open this Monday. However, onshoring/reshoring/friendshoring isn't necessarily cutting China out. Chinese companies are moving to Mexico in great number. (and other US-friendly mkts)
@mbrookerhk a few replies have pointed out the FX error (apparently neither the writer nor WSJ editor picked that up though the large number is used to prove a point in this essay). It's loosely structured with anecdotes that are not even proper arguments.
WSJ got nearly the full list correct (that one blank was likely left on purpose). 5yrs later, all of them will be too old (with Ding being the youngest at 65 then).
The full sentence probably is "I plead not guilty, but I admit misleading". She stressed the 1st half, and DoJ the 2nd half. Neither is wrong. Lawyers are walking dictionaries.
@TMclaughlin3 The Public Order Ordinance was set up in the colonial days by the Brits. Raab pointed finger to the wrong target (Beijing). He was basically saying UK did a shxtty job drafting that law. Lai is not accused of anything under the national security law (at least not yet)
"Grandpa can you tell me about the time when the Nasdaq had a down day?"
"Well dear, that was a long long time ago when people still believed valuations were a thing..."
"What are valuations?"
"Exactly."
Through the roof.
The Fed’s balance sheet just surpassed the PBOC’s for the first time in 16 years!
If $CNY can’t even rally in this scenario…
What will happen when China joins the money printing party?
Fed moved "swiftly". Are we there yet? Yes. It's that bad huh? Yes. Should Fed do it now? No. Seasoned investors already figured out how severe shocks are, but not the average Joe. Now literally everyone in the world knows even Fed is panicking. It's pushing us off the cliff.
While the #CoronavirusOutbreak is negative for transport, and consumer discretionaries; beneficiaries are likely consumer staples, telecoms, infotech, online enterntainment, biotech, according to hedge fund @SkyboundGroup CIO Theodore Shou. @qishou