“It can't go on forever, and I think a lot of the euphoria of what will happen to business in Hong Kong is now in the price. What's not in the price are many of the risks of becoming a part of China.”
“Once an economy starts to bottom out and grow slowly, it starts to suck into the real economy all of the capital which was driving up asset prices before.”
“They're moving to a managed float, which means they are going to allow fundamentals drive the currency where it will but they'll try to smooth out volatility.”
