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KAOBOY MUSINGS and its associated podcast KAOS THEORY focus on the intersection of Financial Markets, Macroeconomics and Geopolitics. I've spent 30+ years as a trader/hedge fund manager and now manage money for my family office across many asset classes.

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Interview: Macro Sunday with Andreas Steno / China, CNY, HKD, Macro.

Andreas Steno interviews me about China and the implications of its RE fallout as well as the continuing Devaluation of CNY and vulnerability of HKD.

Michael Kao

Aug 21, 2023

We discuss China’s economic predicament as well as the implications on USDCNY and USDHKD.

I reference two of my past Substack posts here:

Re: USD/China - The Donkey Kong Dollar Peg.

Michael Kao

Jul 22

Re: USD/China - The Donkey Kong Dollar Peg.

Like many kids who grew up in the 70’s and 80’s, I was an arcade game junkie. One of the games I invested countless quarters in was the endearing Donkey Kong, in which a lovestruck Mario braves numerous challenges to rescue the Princess from Donkey Kong, who has taken her captive.

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Re: Geopolitics/Inflation/USD-Ball In A China Shop.

Michael Kao

Mar 11

Re: Geopolitics/Inflation/USD-Ball In A China Shop.

While the past week in the financial markets has revolved around the demise of Silicon Valley Bank and the ramifications therein, I personally don’t think the extremely poor risk management practices of a bank focused on banking the most speculative sector of the economy will lead to a major domestic banking crisis. Consequently, I do not believe it der…

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