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Well... Kevin is goona knifing him out ASAP when he is in the position. Sorry he didn't do it sooner.

Voting is not mandatory, I for one don't vote unless it is presidential year. I will be pissed if you got 50 bucks from gov't and I don't.

AIA Group is the largest company in Hong Kong stock exchange. OC is short for offering circular for new security listing, in this case, it was their 16 billion USD debt offering last summer. When you talk about CDS comps, seems you know what you are talking about. But no, you don't. Wrong...

That is a long writing for your hypocrisy. Corporation doesn't have political awareness. Business is run by people, it is an organization for tax purpose, nothing more. Get rid of lobbying write-off, back to individual donations and government matching, that will put the representatives where...

short 3890

speaking of devil, close at 50, in less than 5 minutes

sold at 68, it might go back to 90ish. but sure will come back down.

big 4 are dropping

I watched into 2 minutes, didn’t tell a thing. How much money did he raise from his family to gain a board seat in a publicly traded company?

You can pull out any OC, copy and paste the same paragraph and be done with. This is from AIA 2022 OC. Don’t confuse mechanical peg vs sovereign. In face, Hong Kong Dollar is not a sovereign currency. It can easily peg to RMB as well, the last sentence sums it all. CDS does make sensible...

corporations are people too, just to refresh your memory, gop created this mess.

you should be clam and compare apple with apple. Find the largest HK company debt issues and compare the largest and/or comparable US company debt issues, you will see the yield difference. They are rated by 3 firms equally. as much as you think HK can peg both the interest rate and currency...

It is not the same, there is sovereignty risk at mininium. Even HK only has AA- from Fitch now. For non-peg countries, it is even higher yield. I know because I used to work at Fitch.

Went short on ES and YM at 4pm, let's see.

TPO says the same, large pocket to filled at 3720 range

What I meant is that hsi p/e is about 12 while SPX is 19, a world of difference. Dollar denominated bonds yield is higher given the same credit rating.

Bonds returns are attractive but not equities, assuming risk being equal.

I heard on Bloomberg Radio few days ago that a EM bond manager bought Evergrande bonds at 8 cents plus accrued interest, later he sold it for 32 cents. If you are willing to take risks, EM is a prefect place to look.

what did you twitter friends say

out half 3830