Last week I was engaged in a Q& A in the White Wave Trading discussion group when one of the participants inquired about the Hong Kong dollar PEG, which has held for almost 36 years.
Posts Tagged ‘Hong Kong Monetary Authority’
Notes From Underground: Will Hong Kong Be the Gateway To Understanding China?
May 15, 2019Tags:Chinese Yuan, currency peg, curve inversion, Fed, Hong Kong dollar, Hong Kong Monetary Authority, Richard Clarida
Posted in Asia, Currency, Fed | 35 Comments »
Notes From Underground: Mario Monti Is No General Sherman
December 23, 2012Over the weekend Mario Monti decided not to run for the Prime Minister position through joining any party’s list for the election to be held in February. Mr. Monti was never elected to his present position but was parachuted into the job by the Eurocrats in Brussels. It seems that PM Monti fears facing the electorate as so many Italians are angered by the slash-and-burn techniques of the supreme technocrat–both left and right have criticized the present Monti government. Monti resigned after Silvio Berlusconi pulled his support from the Monti regime, but now it appears that Berlusconi would renew his support for a Monti-led coalition. The dramatic fall in bond and stock prices following Monti’s resignation caught the attention of the monied groups in Italy.
Tags:balance sheet recession, BOJ, deflation, Hong Kong Monetary Authority, Italy, Japan, Mario Monti, Norman Chan, QE, Shinzo Abe, Shirakawa
Posted in Italy, Japan | 11 Comments »