economy hong kong Markets

Hong Kong Logs Deepest Economic Slump In History. Shares Have Worst First Day Of Month In 9 Years

"We are deep into recession."

"We are deep into recession."
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2 comments on “Hong Kong Logs Deepest Economic Slump In History. Shares Have Worst First Day Of Month In 9 Years

  1. What a good way to phrase sentiment and confidence without calling out politics in the particular.
    “At this moment in Hong Kong, “human harmony” may be more important than “time and place”.”
    Political mandates,resentments,retaliations are not going to help money velocity. For all the fanfare that trickle down economics has gotten, it always has, and always will be, trickle up that makes economies vibrant.

    • Hong Kong has the worst income inequality of any developed nation by a HUGE margin – go check it out, it is line with developing nations of Sub Saharan Africa. The majority of the population already live in relative poverty – it cannot get any worse.
      This is exacerbated by the HK govt (who are part of the wealthy elite).
      It’s not capitalism its corruption and greed.
      To say these comments are not political shows a complete lack of understanding of the situation.
      Indeed if you are living in poverty and things cannot get any worse (a direct product of the actions of your government acting in cahoots with the elite), and your freedom of speech is being eroded, then why not protest.
      The only people that “lose” financially are the elites.
      It is a terrible situation needlessly created by the greed of a few, lacking any ethics and devoid of morals.

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