The Dollar and the Policy Conundrum

The Hong Kong Monetary Authority is trying to defend their 40 year anachronistic hard peg for the dollar. The HKMA by dent of its hard dollar peg has high bore at five and three quarters. So you talk about a rock and a hard place. Our Fed doesn't nearly have, isn't facing anywhere close to the policy dilemmas that the rest of the world central banks are facing. That's why I think everybody's gonna wind up out-dubbing the Fed.