August 3, 2020· 42 min
Why Investors Keep Losing Money Betting Against The Hong Kong Dollar Peg
Orality
Model
80%
Oral-dominant (speeches, podcasts, storytelling)
Speaker Breakdown
HostJoe Weisenthal(1,458 words)
M:29%
HostTracy Alloway(1,187 words)
M:93%
GuestChristopher Wiegand(4,181 words)
M:27%
Oral Indicators
Agonistic47%
obviously, definitely, very
Engagement54%
you, our, your
Memory Aids100%
listen, now, so
Repetition100%
hong (98x), kong (94x), know (62x)
Parallelism92%
And I'm Tracy Alloway...., So, Tracy, you're in Hong Kong..., But also virus aside, this is ...
Sound Patterns49%
36 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases3%
i mean
Literate Indicators
Hedging8%
quite, may, could
Passive Voice12%
been pegged, was pegged, was established
Abstract Nouns21%
investment, moment, extradition
Subordination10%
because, since, while
Sentence Length54%
Avg: 18.5 words/sentence
Word Complexity47%
investment, analyze, anticipate
Academic Markers4%
according to
Impersonal Style46%
396 personal pronouns found
Descriptive Style94%
obviously, recently, really
Description
For years, macro hedge fund managers have been stalking the Hong Kong Dollar. Since 1983, the currency has been pegged at around 7.75 per US dollar, and it basically has never budged from that. But that hasn’t stopped investors from taking big bets, with potentially major payoffs, that the Hong Kong Monetary Authority would sever the peg in some way. So why do traders keep making this bet, and is now the moment when it finally pays off? On this episode, we speak with Christopher Wiegand, the Chief Investment Officer and Co-Founder of Royal Bridge Capital, about the history of the Hong Kong Dollar, and the factors that have made betting against it such a loser over the years. See omnystudio.com/listener for privacy information.