As Hong Kong’s economy decouples from the U.S., and China liberalizes the offshore RMB market, will Hong Kong drop the HKD-USD peg in favor of the RMB?
The very connected Nouriel Roubini is asking this question. This is likely not idle speculation by Roubini, but based on inside knowledge of the thinking in China and Hong Kong. Such a move by HK would of course be another signal of the crumbling U.S. empire. News of such a move will likely spark additional dollar weakness and gold strength.
No comments:
Post a Comment