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Bill Ackman steps into global macro with his latest big idea - long Hong Kong dollars...

Bill Ackman steps into global macro with his latest big idea - long Hong Kong dollars (HKD). Ackman thinks Hong Kong will nix the HKD's peg to the greenback by 2015 as 0% U.S. rates are fueling serial bubbles there. The trade, he believes, offers astronomic upside, with limited risk.
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Comments (1)
  • Stealthe
    , contributor
    Comments (71) | Send Message
     
    Should be link to a basket with yuan and other int'l currencies. Would be foolish for HK to not link it to Yuan as cross trades have increase dramatically.
    8 Mar 2012, 11:36 PM Reply Like
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