World Markets a Deck of Cards

WARNING: Add This to the Deck of Cards Threatening To Bring The System To Its Knees

The world market is extremely volatile in its current state. It’s like a deck of cards, wondering which card will serve as a final blow, causing extensive damage throughout the markets. Well now, we will add this to the mix.

Because of the sharp spread between US dollar LIBOR and Hong Kong HIBOR with the former much higher than the later notwithstanding the currency peg, there has been persistent pressure on the Hong Kong dollar where the Hong Kong Monetary Authority has been intervening to relieve.

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