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Thread: Hong Kong on the brink

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    Hong Kong on the brink

    (Bloomberg) -- Hong Kong leader Carrie Lam warned of a “very dangerous situation” as protesters moved to shut down the Asian financial hub with a general strike on Monday after a ninth straight weekend of unrest in opposition to China’s tightening grip.

    Demonstrators hampered the financial hub’s busy morning commute with actions that left traffic snarled, subway lines inoperable and airport operations disrupted. Cathay Pacific Airways Ltd. said it canceled more than 140 flights coming to and from the city, while Hong Kong Airlines Ltd. scrapped 30 flights.

    https://www.yahoo.com/news/hong-kong...211614255.html


    I wonder when this will affect the markets.

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    I have been to Hong Kong several times. Interesting city. More people than you can shake a stick at. One of the most interesting was Aberdeen Harbor with its large number of boat people who would live in 11 foot row boats rather than return to Mainland China. Hong Kong was prosperous because it was a free port. Now, not so much. Its a shame really, the people were very industrious and because it was a Crown Colony at the time I felt like I was actually in two separate countries, England and China. Never again I suppose.
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    Quote Originally Posted by Trinnity View Post
    (Bloomberg) -- Hong Kong leader Carrie Lam warned of a “very dangerous situation” as protesters moved to shut down the Asian financial hub with a general strike on Monday after a ninth straight weekend of unrest in opposition to China’s tightening grip.

    Demonstrators hampered the financial hub’s busy morning commute with actions that left traffic snarled, subway lines inoperable and airport operations disrupted. Cathay Pacific Airways Ltd. said it canceled more than 140 flights coming to and from the city, while Hong Kong Airlines Ltd. scrapped 30 flights.

    https://www.yahoo.com/news/hong-kong...211614255.html


    I wonder when this will affect the markets.
    China devalued its currency today.
    Market fell 762 points.
    Today we live. Tomorrow we die.
    "Evil is da Devil minus da D"

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    china wants is jewels back...
    "The nose, knows"

    @Auntifa,,,when the shooting starts, don't run, you'll only die tired...

    #walkaway

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    Quote Originally Posted by HawkTheSlayer View Post
    China devalued its currency today.
    Market fell 762 points.

    Trump said they would manipulate currency just last week and they did of course.
    "Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free."

    - Ronald Reagan

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    Other countries have manipulated their currencies for years to sell their goods/services cheaper.
    Our leaders never did figure it out sense economics is so Greek to them.
    They just blamed the US workers for pricing themselves out of a job.

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    Quote Originally Posted by Trinnity View Post
    (Bloomberg) -- Hong Kong leader Carrie Lam warned of a “very dangerous situation” as protesters moved to shut down the Asian financial hub with a general strike on Monday after a ninth straight weekend of unrest in opposition to China’s tightening grip.

    Demonstrators hampered the financial hub’s busy morning commute with actions that left traffic snarled, subway lines inoperable and airport operations disrupted. Cathay Pacific Airways Ltd. said it canceled more than 140 flights coming to and from the city, while Hong Kong Airlines Ltd. scrapped 30 flights.

    https://www.yahoo.com/news/hong-kong...211614255.html


    I wonder when this will affect the markets.
    Most likely when China steps in militarily against a nation we have promised to defend.
    Montana

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    I don't think Trump is gonna back down and expected this. The last pair of shoes I bought hubby were made in Viet Nam. They were nice, good looking and not very expensive.
    Last edited by Trinnity; 08-05-2019 at 07:06 PM.

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    Quote Originally Posted by Trinnity View Post
    (Bloomberg) -- Hong Kong leader Carrie Lam warned of a “very dangerous situation” as protesters moved to shut down the Asian financial hub with a general strike on Monday after a ninth straight weekend of unrest in opposition to China’s tightening grip.

    Demonstrators hampered the financial hub’s busy morning commute with actions that left traffic snarled, subway lines inoperable and airport operations disrupted. Cathay Pacific Airways Ltd. said it canceled more than 140 flights coming to and from the city, while Hong Kong Airlines Ltd. scrapped 30 flights.

    https://www.yahoo.com/news/hong-kong...211614255.html


    I wonder when this will affect the markets.
    Already has.

    Today the markets were in free-fall.

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    Quote Originally Posted by Montana View Post
    Most likely when China steps in militarily against a nation we have promised to defend.
    Hong Kong is China's. The British handed it over, twenty-odd years ago.

    I'm actually surprised it took this long to come to violence. I expected this, six months after China took it.

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