{"id":24664,"date":"2011-09-15T01:22:34","date_gmt":"2011-09-15T05:22:34","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=24664"},"modified":"2011-09-15T01:22:34","modified_gmt":"2011-09-15T05:22:34","slug":"bill-ackmans-hong-kong-currency-bet-and-how-you-can-play-it","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2011\/bill-ackmans-hong-kong-currency-bet-and-how-you-can-play-it.html","title":{"rendered":"Bill Ackman&#8217;s Hong Kong Currency Bet, And How You Can Play It"},"content":{"rendered":"<p>Forbes &#8211; At a lunchtime keynote at Wednesday\u2019s CNBC Institutional Investor Delivering Alpha conference, the founder of Pershing Square Capital detailed a trade on the Hong Kong dollar, which has been pegged to the dollar for decades and depreciating right alongside the greenback even in the face of rising inflation, a widening wealth gap and spiking real estate prices.<\/p>\n<p>Despite those issues, Hong Kong is stuck with the same zero interest rate policy the Federal Reserve has signaled it will maintain until mid-2013 due to its dollar peg. Experts have suggested that Hong Kong would be better served by pegging its dollar to a trade-weighted basket or the China\u2019s yuan, which has been appreciating against the dollar over the past few years while its Hong Kong equivalent has not budged.<\/p>\n<p><a href=\"http:\/\/www.forbes.com\/sites\/steveschaefer\/2011\/09\/14\/bill-ackmans-hong-kong-currency-bet-and-how-you-can-play-it\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; At a lunchtime keynote at Wednesday\u2019s CNBC Institutional Investor Delivering Alpha conference, the founder of Pershing Square Capital detailed a trade on the Hong Kong dollar, which has been pegged to the dollar for decades and depreciating right [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24664","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=24664"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24664\/revisions"}],"predecessor-version":[{"id":24665,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24664\/revisions\/24665"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=24664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=24664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=24664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}