The morons in charge of our "monetary policy" should just match interest rates instead of burning cash for nothing.
Regardless or whether you think low interest rates are right or wrong, I was just pointing out they do have options to converge local rates to the Fed Funds rate if they wanted to.
I wonder what it costs him (Kyle Bass) to put on these bets - they don't necessarily come true, but huge payout if they do.
Not the best impression to see him next to Steve Bannon, but he is a smart guy, and does have to good points. HK has had an inflow of capital over the years - from China and abroad. That will likely reverse. It's not the safe haven it once was.
Extradition treaty with the mainland, end of US-HK free trade act - it could happen a lot sooner than 2047.