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Real Vision: Finance & Investing

Daily Briefing - May 22, 2020

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 23 May 2020

⏱️ 39 minutes

🧾️ Download transcript

Summary

Senior editor Ash Bennington sits down with Real Vision CEO and co-founder Raoul Pal to explore the latest developments in markets and macro. They dive into why debt mutualization won’t be enough to save Europe, what the elimination of GDP targeting means for China, and how Hong Kong’s limited autonomy is slipping from its grasp with China’s latest security law announcement. The pair also discuss the challenges of a solvency crisis, the rising threat of deflation, and the plummeting two year U.S. Treasury yield. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

The It's Friday, May 22nd, 2020.

0:25.0

This is the Real Vision Daily Briefing.

0:28.0

I'm Ash Bennington.

0:29.0

We're going to be joined by our co-founder Raal Powell in a few minutes,

0:32.0

but first, Nick Correa with a thumbnail analysis of the events in

0:36.8

Hong Kong.

0:37.8

Thanks, Ash.

0:38.8

Today we're going to take a look at China's recent announcement of new security laws over Hong Kong that could undermine its autonomy and special privileges the city has been granted by the US.

0:48.8

The announcement had been made a few hours before the National People's Congress came together for their annual

0:53.8

lawmakers meeting. These new laws would entail tighter security

0:57.7

restrictions that affect Hong Kong through targeting subversion, terrorism,

1:01.2

and foreign influence operations.

1:03.2

Xinhua China's state-owned news outlet reported that quote,

1:06.7

when needed relevant national security organs of the Central People's

1:10.7

government will set up agencies in Hong Kong to fulfill relevant duties to safeguard

1:15.6

national security."

1:17.8

No details have been put forth yet about how these new laws will be carried out, but that hasn't

1:22.1

stopped the U. the US from being

1:23.1

outwardly spoken about their stance and markets for making dramatic price action on

1:27.7

the news. If the US deems in a move like these new security laws further

1:31.7

deteriorates the one country two systems policy

1:34.9

that allows Hong Kong democratic and civil rights liberties. This grants President Trump

...

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