Thursday, November 29, 2012

Hong Kong Parking Costs $387,000 as Cash Moves From Homes

It it looks like a bubble, smells like a bubble, sounds like a bubble, then...quack.

Borrowing costs in Hong Kong are almost at record lows because the Hong Kong dollar’s peg to the U.S. currency ties monetary policy to the Federal Reserve’s even as the economy is driven by China’s growth.

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