Originally Posted by
hihi
Thanks for the update, Goebbels.
He could be correct.
There IS going to be dramatic market reaction to the Moody's AAA downgrade. My guess is the HSI will lose >2500 points in the next week or so, >10000 points in the medium term.
When markets fall, bankerwankers stop traveling. Our (CX) front end is mostly financial sector, and a hit there will certainly scale back growth.
There may be some "rightsizing" on the horizon.
Whatever happens next (I'm no guru), we haven't seen the worst of the "crisis".
"This isn't the end. This isn't even the beginning of the end. However, this is the end of the beginning..."