Market Talk – April 4, 2025
ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 955.35 points or -2.75% to 33,780.58 • Shanghai closed • Hang Seng closed • ASX [...]
The Hong Kong Peg under Attack
QUESTION: Mr. Armstrong; The Hong Peg is under fierce attack. You said at the Hong Kong WEC that the peg would break but not before 2018. Are we getting close?
See you in Singapore
PB
ANSWER: Yes. They are spending almost $2.5 billion per week to defend the currency. No peg will stand. This is a Monetary Crisis Cycle. We will be looking at this issue in Singapore. Welcome to the Monetary Crisis Cycle which is beginning right on schedule. Trading against peg can be the best-guaranteed trade of all. We will go over this for the attendees.
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