Friday, September 18, 2009
Hong Kong Real Estate
According to this article in FT.com, Hong Kong residential real estate prices have recovered well ahead of those in the U.S.
The Chinese economic recovery is undeniably real and is rubbing off on those regions around it.
On a related note, I feel sorry for the editor who rubber stamped that very poorly-written article. It may be that HK real estate prices have risen 26% since the recent low, or it may be that prices are 26% higher than pre-Lehman. (I doubt that).
The futures are flattish. Nothing to see here. Feel free to take the day off.
I'm not sure whether Palm is the #3, 4, 5, 6 or 7 smart phone maker, but they reported earnings last night. It speaks to the strength of the smart phone market that a smaller player can put up better than expected numbers and have the temerity to announce a 16 million share secondary. That's a good sign for the equity markets as well, if they get it done cleanly.