The HK dollar is pegged to the US dollar. HK monetary policy follows the Fed. And the Fed is raising rates.
What have central banks wrought?
They know: the Eurozone would plunge into a sovereign debt crisis all over again, only worse this time.
Many Banco Popular investors wiped out. Taxpayers off the hook. What it means for Italy.
Why do they risk so much for little?
The only other option: “Orderly restructuring.”
In the land of NIRP refugees and “Reverse Yankees,” who will get crushed?
The question now being asked, years too late: How will this end?
“People need to ask themselves very carefully, ‘Why am I buying this house?”’: Stephen Poloz, Bank of Canada.
Current rally is founded on untrue assumptions.