American Piggybank with Brad Setser
The ACID Capitalist Podcast
00:00
The Hong Kong Dollar Peg
"I think that if you were to open the account, obviously, you'd really have profound weakness. I mean, it's just stuck in C and Y," he said. "The other thing weighing on the Hong Kong dollar peg is the Fed rate hikes." He added: "They work against Hong Kong's own economic cycle right now"
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