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	<title>Thirty Eight Thoughts</title>
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	<description>Thoughts from steventhompson38</description>
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		<title>Thirty Eight Thoughts</title>
		<link>http://steventhompson38.wordpress.com</link>
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			<item>
		<title>#1 Investment Weekly &#8211; Evolution of a market</title>
		<link>http://steventhompson38.wordpress.com/2009/11/24/1-investment-weekly-evolution-of-a-market/</link>
		<comments>http://steventhompson38.wordpress.com/2009/11/24/1-investment-weekly-evolution-of-a-market/#comments</comments>
		<pubDate>Mon, 23 Nov 2009 17:09:41 +0000</pubDate>
		<dc:creator>steventhompson38</dc:creator>
				<category><![CDATA[Hang Seng Index]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Investment Weekly]]></category>

		<guid isPermaLink="false">http://steventhompson38.wordpress.com/?p=1004</guid>
		<description><![CDATA[This Tuesday is the 150th anniversary of the publication of Darwin’s Origin of Species and the 40th anniversary of the Hang Seng Index. This confluence of anniversaries is an appropriate time to assess how the Hong Kong stock market has evolved and what lies ahead.
Evolution is a process shaped by the underlying theme that the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=steventhompson38.wordpress.com&blog=3806085&post=1004&subd=steventhompson38&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://steventhompson38.wordpress.com/2009/11/24/1-investment-weekly-evolution-of-a-market/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>#1 Investment Weekly &#8211; Banking back to basics</title>
		<link>http://steventhompson38.wordpress.com/2009/11/16/1-investment-weekly-banking-back-to-basics/</link>
		<comments>http://steventhompson38.wordpress.com/2009/11/16/1-investment-weekly-banking-back-to-basics/#comments</comments>
		<pubDate>Mon, 16 Nov 2009 08:07:04 +0000</pubDate>
		<dc:creator>steventhompson38</dc:creator>
				<category><![CDATA[Hang Seng Index]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Bank of East Asia]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[Investment Weekly]]></category>

		<guid isPermaLink="false">http://steventhompson38.wordpress.com/?p=993</guid>
		<description><![CDATA[Hong Kong based banks have been in the thick of the news recently, with out-of-character optimism, a take-over rumour, threats of tax investigations of its customers and the end of a failed experiment all suggesting that Hong Kong&#8217;s future riches are under threat.
I’ve been interpreting statements from HongkongBank’s management since 1985 and last week’s interim [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=steventhompson38.wordpress.com&blog=3806085&post=993&subd=steventhompson38&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>#1 Investment Weekly &#8211; Equities over property</title>
		<link>http://steventhompson38.wordpress.com/2009/11/09/1-investment-weekly-equities-over-property/</link>
		<comments>http://steventhompson38.wordpress.com/2009/11/09/1-investment-weekly-equities-over-property/#comments</comments>
		<pubDate>Mon, 09 Nov 2009 07:57:21 +0000</pubDate>
		<dc:creator>steventhompson38</dc:creator>
				<category><![CDATA[Hang Seng Index]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Investment Weekly]]></category>

		<guid isPermaLink="false">http://steventhompson38.wordpress.com/2009/11/09/1-investment-weekly-equities-over-property/</guid>
		<description><![CDATA[I’ve just spent the last two weeks moving home (from owned to rented). The sale of my flat in Kowloon Tong seems to contradict my view that Hong Kong equities are currently in a new bull market phase. I don’t see this.
The correlation between the performance of the Hong Kong economy/property market and its stock [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=steventhompson38.wordpress.com&blog=3806085&post=980&subd=steventhompson38&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">gainsHSI</media:title>
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		<title>#1 Investment Weekly &#8211; Better than alternative</title>
		<link>http://steventhompson38.wordpress.com/2009/10/12/1-investment-weekl-better-than-alternative/</link>
		<comments>http://steventhompson38.wordpress.com/2009/10/12/1-investment-weekl-better-than-alternative/#comments</comments>
		<pubDate>Mon, 12 Oct 2009 06:20:42 +0000</pubDate>
		<dc:creator>steventhompson38</dc:creator>
				<category><![CDATA[Hang Seng Index]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Investment Weekly]]></category>

		<guid isPermaLink="false">http://steventhompson38.wordpress.com/?p=970</guid>
		<description><![CDATA[Hong Kong should follow Australia’s example and start raising local interest rates, but it can’t. Instead, the HKMA can only stand idly by and watch massive inflows of hot cash from China pour over the border. Although we are not in bubble territory just yet, if things continue as they have, then Hong Kong will [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=steventhompson38.wordpress.com&blog=3806085&post=970&subd=steventhompson38&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">propHSHibor</media:title>
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		<title>#1 Investment Weekly &#8211; All the world&#8217;s a stage</title>
		<link>http://steventhompson38.wordpress.com/2009/10/05/1-investment-weekly-all-the-worlds-a-stage/</link>
		<comments>http://steventhompson38.wordpress.com/2009/10/05/1-investment-weekly-all-the-worlds-a-stage/#comments</comments>
		<pubDate>Sun, 04 Oct 2009 16:12:06 +0000</pubDate>
		<dc:creator>steventhompson38</dc:creator>
				<category><![CDATA[Hang Seng Index]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Investment Weekly]]></category>

		<guid isPermaLink="false">http://steventhompson38.wordpress.com/?p=966</guid>
		<description><![CDATA[I spent a good two hours watching the celebrations marking the 60th anniversary of the founding of the People’s Republic of China in Tiananmen Square last week. The marching was impressive as the world watched China’s actors on the big stage. As I come from a military family I think I’m quite qualified to comment [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=steventhompson38.wordpress.com&blog=3806085&post=966&subd=steventhompson38&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">steventhompson38</media:title>
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		<title>#1 Investment Weekly &#8211; Cynics everywhere</title>
		<link>http://steventhompson38.wordpress.com/2009/09/28/1-investment-weekly-cynics-everywhere/</link>
		<comments>http://steventhompson38.wordpress.com/2009/09/28/1-investment-weekly-cynics-everywhere/#comments</comments>
		<pubDate>Sun, 27 Sep 2009 16:05:57 +0000</pubDate>
		<dc:creator>steventhompson38</dc:creator>
				<category><![CDATA[Hang Seng Index]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Investment Weekly]]></category>

		<guid isPermaLink="false">http://steventhompson38.wordpress.com/?p=962</guid>
		<description><![CDATA[Oscar Wilde described a cynic as a person that knows the price of everything and the value of nothing. He probably wasn’t thinking about stock market investors, but his insight seems to have encapsulated the current reality of global equity markets. There seem to be cynics everywhere right now. Basically, these are investors who did [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=steventhompson38.wordpress.com&blog=3806085&post=962&subd=steventhompson38&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">steventhompson38</media:title>
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		<title>#1 Investment Weekly &#8211; A global peg?</title>
		<link>http://steventhompson38.wordpress.com/2009/09/21/1-investment-weekly-a-global-peg/</link>
		<comments>http://steventhompson38.wordpress.com/2009/09/21/1-investment-weekly-a-global-peg/#comments</comments>
		<pubDate>Sun, 20 Sep 2009 16:29:21 +0000</pubDate>
		<dc:creator>steventhompson38</dc:creator>
				<category><![CDATA[Hang Seng Index]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Investment Weekly]]></category>

		<guid isPermaLink="false">http://steventhompson38.wordpress.com/?p=954</guid>
		<description><![CDATA[Hong Kong’s leaders are constantly harping on about how they want the SAR to be a global financial centre. Unfortunately, this dream can never be fulfilled while its currency remains detached from the rest of the world and limited in scope as it is. A point in case is the overstated impact that mainland IPOs [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=steventhompson38.wordpress.com&blog=3806085&post=954&subd=steventhompson38&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">M3</media:title>
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		<title>#1 Investment Weekly &#8211; Harmony and stability</title>
		<link>http://steventhompson38.wordpress.com/2009/09/15/1-investment-weekly-harmony-and-stability/</link>
		<comments>http://steventhompson38.wordpress.com/2009/09/15/1-investment-weekly-harmony-and-stability/#comments</comments>
		<pubDate>Mon, 14 Sep 2009 16:27:43 +0000</pubDate>
		<dc:creator>steventhompson38</dc:creator>
				<category><![CDATA[Hang Seng Index]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Investment Weekly]]></category>

		<guid isPermaLink="false">http://steventhompson38.wordpress.com/?p=950</guid>
		<description><![CDATA[I’m not sure how seriously the market took the news that China’s main financial regulator (SASAC) had issued a guidance note stating that it would be acceptable for mainland banks/state enterprises to default on certain commodity derivative contracts because they were not transparent enough. It is the type of defiant proclamation that seeps out of [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=steventhompson38.wordpress.com&blog=3806085&post=950&subd=steventhompson38&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>#1 Investment Weekly &#8211; Can&#8217;t beat squiffy Beidaihe</title>
		<link>http://steventhompson38.wordpress.com/2009/09/06/1-investment-weekly-cant-beat-squiffy-beidaihe/</link>
		<comments>http://steventhompson38.wordpress.com/2009/09/06/1-investment-weekly-cant-beat-squiffy-beidaihe/#comments</comments>
		<pubDate>Sun, 06 Sep 2009 09:58:16 +0000</pubDate>
		<dc:creator>steventhompson38</dc:creator>
				<category><![CDATA[Hang Seng Index]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Investment Weekly]]></category>

		<guid isPermaLink="false">http://steventhompson38.wordpress.com/?p=945</guid>
		<description><![CDATA[Most investors know the saying “Don’t fight the Fed”, but we in Asia have a more potent catchphrase: “Can’t beat Beidaihe”. It’s a well known fact here that China’s political leaders head to the nearest summer beach resort to Beijing to cool down and plot the country’s future. There’s another saying, which is slightly less [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=steventhompson38.wordpress.com&blog=3806085&post=945&subd=steventhompson38&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">steventhompson38</media:title>
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		<title>#1 Investment Weekly &#8211; Interference</title>
		<link>http://steventhompson38.wordpress.com/2009/08/31/1-investment-weekly-interference/</link>
		<comments>http://steventhompson38.wordpress.com/2009/08/31/1-investment-weekly-interference/#comments</comments>
		<pubDate>Mon, 31 Aug 2009 09:29:17 +0000</pubDate>
		<dc:creator>steventhompson38</dc:creator>
				<category><![CDATA[Hang Seng Index]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[weekly]]></category>

		<guid isPermaLink="false">http://steventhompson38.wordpress.com/?p=937</guid>
		<description><![CDATA[There has been a lot of talk about how Government intervention has helped prop up economic activity recently. Stimulus packages may be the devil incarnate according to History buff, Niall Ferguson, with dire, long-term, consequences for budget deficits, but short term traders are not interested. Paul Krugman believes stimulus is a necessary evil if we [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=steventhompson38.wordpress.com&blog=3806085&post=937&subd=steventhompson38&ref=&feed=1" />]]></description>
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