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. |