Joseph Yam: Worried About 3rd Financial Crisis Brewing

Former HKMA Chief Executive Joseph Yam, in an interview, expressed his concern that the third financial crisis may already be in the womb of time, as woes brought by previous financial crises remain unresolved. However, the US Fed and central banks worldwide continue to adopt quantitative easing and inject more funds into the economies.

Seeing huge debt, high deficit and no deposits in the United States, Yam is worried over a sharp USD downturn, rather than depreciation pressure on HKD.


Another item to take note is the rise in Corona virus in Hong Kong which the city state has been swift in its action to close many activities but noting the potential impact to the economy again... 
Posted by at
Labels: , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)