At the moment the Hang Seng is down as global markets struggle with how to discount lower profit growth and fears of inflation. But over the next year, Hong Kong will experience something that will feel like a boom, a return to the good old days, especially in its most traditional areas of money and real estate.
Hong Kongs culture is intimately linked to wealth and Hong Kong has created huge wealth despite and because of deflation. Jobs and real earnings gains are now supporting it and the real estate market is a lagging indicator of this. It will catch up, driven by demand, need, greed and affordability - so I would invest...
