The HK dollar is pegged to the US dollar. HK monetary policy follows the Fed. And the Fed is raising rates.
“We know as we’re investing there, we’re also creating a competitor.”
Just one more reason for China to develop its own mousetrap.
Robots are the Great Equalizer.
“People need to ask themselves very carefully, ‘Why am I buying this house?”’: Stephen Poloz, Bank of Canada.
Who’s Behind China’s Wild House Price Bubble? State-Owned Property Developers, Funded by State-Owned Banks.
Second largest US brokerage chases after Chinese investors.
“Fake prices,” metastasizing derivatives, bloodletting among retailers, the Snap IPO that turns stockholders into zombies, China’s credit bubble that makes even the New York Fed jittery… (video).
With impeccable timing, after a blistering 7-year price boom.
The data points can give you the willies.