{"id":12938,"date":"2025-06-09T01:00:00","date_gmt":"2025-06-08T16:00:00","guid":{"rendered":"http:\/\/www.irken.jp\/gn\/?p=12938"},"modified":"2025-06-11T07:30:25","modified_gmt":"2025-06-10T22:30:25","slug":"financial-times-june-8","status":"publish","type":"post","link":"https:\/\/www.irken.jp\/gn\/?p=12938","title":{"rendered":"Financial Times (June 8)"},"content":{"rendered":"<p>\u201cDonald Trump\u2019s gyrations on trade policy have not broken global financial markets just yet \u2014 but what is happening in Hong Kong shows they are feeling the strain.\u201d For over a month, Hong Kong\u2019s interest rates remained fixed at just above 0%, which is peculiar, \u201cIts currency is pegged to the US dollar\u201d so this presents a prime arbitrage opportunity, which is going untaken. \u201cThis little episode reveals a disturbing fragility. Markets may appear to be taking all of the Trumpian disruption in their stride, but when a dislocation of this sort persists for more than a month, it is a warning sign. Watch out for trouble ahead.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cDonald Trump\u2019s gyrations on trade policy have not broken global financial markets just yet \u2014 but what is happening in Hong Kong shows they are feeling the strain.\u201d For over a month, Hong Kong\u2019s interest rates remained fixed at just above 0%, which is peculiar, \u201cIts currency is pegged to the US dollar\u201d so this [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[15501,16671,3674,123,12058,546,5567,16673,16672,384,1345,4048,7311,8311,5161,8],"class_list":["post-12938","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-arbitrage","tag-broken","tag-currency","tag-dislocation","tag-dollar","tag-fragility","tag-global-financial-markets","tag-gyrations","tag-hong-kong","tag-interest-rates","tag-peg","tag-strain","tag-trade-policy","tag-trump","tag-u-s"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/12938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12938"}],"version-history":[{"count":1,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/12938\/revisions"}],"predecessor-version":[{"id":12939,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/12938\/revisions\/12939"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}