So we were talking about the Chinese yuan and @taniaychen just decided to put @YvonneManTV, me and everyone we know to sleep. Who let these nerds out seriously…
Citi’s Dr. Mo on the contradictions — rates market is pricing in rate cuts, despite what the Fed is saying, that only come if the economy falls into a recession, which equity markets are not yet pricing in. The adjustment process could be painful.
https://t.co/x8uc0ebqAn
.@hkmagovhk says it has no plan or need to change the dollar peg system. Architect behind the mechanism says benefits outweigh near-term pain. Also HKD strengthens past mid-point!
https://t.co/dWJwYtm8qW
Interesting timing for @BillAckman to announce a big HKD short - such a bet actually loses you money right now. Hong Kong has also shown it can endure plenty of economic pain to maintain the peg. I took a look at his trade with @taniaychen
https://t.co/m1jVFOGpcv
Key difference between a currency board vs. peg. Architect behind the regime John Greenwood explained back in June why speculation against HKD always fails
https://t.co/9VTl91sIxM
Big short. Bill Ackman and Boaz Weinstein say they're short the HKD, a trade Weinstein calls a 200-to-1 smart lottery ticket. Ackman says the 39-year old peg - which leaves Hong Kong both exposed to China's economy and Fed policy - can't last. 10/10
https://t.co/m1jVFOpmav
Now: Wall Street says it's time to reload on China. Are the latest policies enough to throw caution to the wind? Let me and @sofiaHCBBG know.
https://t.co/jcZUE2ehuX
China’s marriage of communism and capitalism clashed this week in a $6 trillion stock rout as a historic party congress concludes.
We look at what that means for the future of its financial markets w/ @SofiaHCBBG@taniaychen. 1/4
https://t.co/nQZXfVwZFF
This is #Bloomberg. Happy birthday to the lovable, audacious @taniaychen on her first in #HongKong. Under the lights of the HSBC and StanChart towers with these old friends. From New York to Hong Kong, almost like I never left the @business. This is today’s #reasontosmile. 🎂