Victor Shih
Think about it, that's trillions of formerly liquid assets now frozen. Those who need liquidity will need to sell everything else
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@hogtownserb@pmarca US rates would rise which would accelerate outflows from China. China now NEEDS low US rates#Yellen -
@vshih2@pmarca Does that mean US would actually act on this unlike the#greecebailout ?
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Not a good thing, right?
@vshih2: trillions of formerly liquid assets now frozen~those who need liquidity need to sell everything else -
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@vshih2 I'm thinking that in Hong Kong, this would mean selling property, driving down prices. Yes? -
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@vshih2 underwear too!! -
@vshih2@pmarca 'Love it'. State Capitalism with 'Flash Socialism' to keep things exciting. Shades of Tiberius - http://www.valubit.com/monetary-musing/2015/5/28/tiberius-and-quantitative-easing-during-the-early-roman-empire … -
@vshih2 like...gold?
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