A Perfect Storm

Santa Clara, Calif – This weekend was fraught of tragedies, as two mass shootings happened in the US within 24 hours, the coming week does not look bright, either. Hong Kong’s protestors are joined by a general strike this week, the first in 60 years; Asia’s financial markets are shaken by China’s central bank allowing Renminbi to devalue to 7 to a dollar, a level last seen in 2008.

It is a perfect storm, as whether today can be the Lehman moment of our generation, it is hard to say. Things are turning day by day, said an analyst on Bloomberg TV today, as Carrie Lam addressed the public. Let’s hope that the worst had already come.

Published on August 4, 2019