---------- 轉寄的郵件 ----------
寄件者： George Luk
日期： 2015年8月29日 下午9:55
副本： "hd@1823.gov.hk" <hd@1823.gov.hk>, "Mr. Anthony Cheung" <sthoffice@thb.gov.hk>, "Mr. CHEUNG Wan Ching" <scsoffice@csb.gov.hk>, "Mr. LAU Kong Wah" <sha@hab.gov.hk>, "Mr. MOK Kwan Yu" <dossp@had.gov.hk>, "Ms. TENG Yu Yan" <doe@had.gov.hk>, George1 Luk
及之前的 Cycle of Deflation Revisited － Written: 07/07/05
＜如有興趣觀看之前的電郵，請前往連結： http://
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日期： 2015年8月29日 下午9:55
主旨： 給特區的信（１７７）－金融海嘯後各大國極度量寬帶來的種種問題
收件者： "Mr. Li Wei" <drc@drc.gov.cn>, "Mr. C Y Leung" <ceo@ceo.gov.hk>副本： "hd@1823.gov.hk" <hd@1823.gov.hk>, "Mr. Anthony Cheung" <sthoffice@thb.gov.hk>, "Mr. CHEUNG Wan Ching" <scsoffice@csb.gov.hk>, "Mr. LAU Kong Wah" <sha@hab.gov.hk>, "Mr. MOK Kwan Yu" <dossp@had.gov.hk>, "Ms. TENG Yu Yan" <doe@had.gov.hk>, George1 Luk
李偉先生／梁振英先生：
1. 自從金融海嘯後，2008年11月5日，
2. 近年來，世界重量級經濟學家的批判與反省已多，
3. 其實問題存在已久，只是近日將問題歸咎中國股市下跌、
Regards,
George Luk
---------- 轉寄的郵件 ----------
寄件者： <ceo@ceo.gov.hk>
日期： 2015年8月21日 下午5:53
主旨： Fw: 給特區的信（１７４）－香港樓市之博弈論
收件者： George Luk
George:
8月11日致行政長官的電郵，我獲授權認收，謝謝你的意見。
8月11日致行政長官的電郵，我獲授權認收，謝謝你的意見。
行政長官私人秘書
(麥佩儀 代行)
(麥佩儀 代行)
----- Original Message -----
From:
To: fso@fso.gov.hk ; KC Chan ; Chan Norman
Sent: Sunday, November 06, 2011 3:56 PM
Subject: Re: How bond may affect You 及 未完的衰退
您們好：
謝謝您們過去幾年，預先制訂應變措施，令香港得以比其他地區，
其實之前有不少言論關於歐美國債及其他類別債市問題，
（１）Martin Weiss 去年２月１日的 The next contagion：.
The next contagion is beginning to spread around the globe. It is unexpected on Wall Street, misunderstood in Washington — and very dangerous. It could sabotage the plans of the U.S. Treasury, the Federal Reserve, and many of their counterparts overseas. It is …The Collapse of Sovereign Government Bonds .
....There is, however, one outstanding silver lining in this new crisis: Sinking government bond prices — bringing surging costs for government borrowing — are the single most powerful market mechanisms for persuading governments to end their print-and-spend madness
（２）去年１０月５日，Philip Aldrick，Economics Editor of the Telegraph 所寫的：
Banks' $4 trillion debts are 'Achilles’ heel of the economic recovery', warns IMF（國際貨幣基金會）
“Nearly $4 trillion of bank debt will need to be rolled over in the next 24 months,” the report says。.......
...The report welcomed banks efforts to recapitalise, noting that the average tier one ratio rose above 10pc in 2009, but cautioned that “despite these improvements, banking system risks are more elevated today”. Europe’s financial system, in particular, “remains vulnerable to downside risks and further funding strains if capital buffers are not strengthened”, the IMF said, naming the regional Cajas of Spain and Landesbanken in Germany.
但先進經濟體系的政府，一於我行我素。
Regards,
George Luk
<fso@fso.gov.hk> 於 2011年10月15日下午12:53 寫道：
George Luk：
謝謝您於十月七日致財政司司長的電郵，
敬頌
秋安。
財政司司長辦公室政務主任朱浩
----- Original Message -----
From:
To: FSO ; KC Chan ; Chan Norman
Cc: Mr. Li Wei ; Mr. Donald Tsang
Sent: Friday, October 07, 2011 11:09 PM
Subject: Fwd: How bond may affect You 及 未完的衰退
Dear all,
過去多年來不斷指出，大規模的世界性金融大災難，
由於伯南克是上世紀３０年代經濟大蕭條的專家學者，
可惜最近二、三十年來，全球發明太多的金融新工具，
只要有半個百份點的數額出問題，牽連所及，全球的大行，
由於衍生工具增加大行的操作摃扞比率，積累下來太多問題，
還有，就是次按爆破後，很多人變成積蓄及房子盡失，
Jobs! Jobs! Jobs! Business Roundtable and Challenger，posted yesterday(October 6, 2011)
The Cycle of Deflation (Chart)
希望大家要採取最保本的投資方針。
Best Regards,
George Luk
附件2：
---------- Forwarded message ----------
From: <fso@fso.gov.hk>
Date: 2010-12-06 21:34 GMT+08:00
Subject: Re: 熾熱的資產價格上升 -- 來自先進經濟體的極度量化寬鬆致熱錢亂竄
To:
George Luk：
Date: 2010-12-06 21:34 GMT+08:00
Subject: Re: 熾熱的資產價格上升 -- 來自先進經濟體的極度量化寬鬆致熱錢亂竄
To:
George Luk：
謝謝您於十月十一日致財政司司長的電郵。
敬頌
冬安。
財政司司長辦公室政務主任鄭青文
----- Original Message -----
From:
To: FSO ; Chan Norman
Sent: Monday, October 11, 2010 11:43 PM
Subject: 熾熱的資產價格上升 -- 來自先進經濟體的極度量化寬鬆致熱錢亂竄
各位 :-
您們好。請留意以下從鏈接中特別指出的幾點 :-
1) HONG KONG (MarketWatch) — The looming prospect of a fresh round of monetary easing by the West’s major central banks is likely to further expand the pool of unwanted liquidity in Asia.
2) “Central banks and governments [in Asia] are likely to continue trying to resist house-price appreciation, and in some instances, currency appreciation. We doubt that there will be any such intervention on equities,” said UBS strategists, led by Niall MacLeod.
The strategists cited recent monetary easing by the Bank of Japan, and expectations of a new round of quantitative easing by the Federal Reserve to recharge a slowing U.S. economy. They added that Hong Kong and India were their two most overweight markets in Asia at present.
3) In emailed comments Monday, HSBC economist Frederic Neumann pointed to the risk of regulatory tightening in the region.”The set-up for Asia is sweet, but hardly sustainable. Easy money is available in the West, and everyone wants a piece of the East. The result: Capital keeps pouring into the region,” he said.“Whispers continue to be heard about capital controls to stem the flood pouring in the door, while local banks are told to tighten lending standards,” Neumann said.
4）He also said that while headline inflation in the region has slowed in recent months, the risk still remains, and there is also a risk that the huge inflows into the region could reverse.“It was only a short two years ago, after all, when markets froze up and left locals scrambling for dollars across the globe.
5）Lending into Asia from Western banks has soared again over the past year. This cash is especially at risk of being suddenly withdrawn,” he said.
“Local market liquidity can thus quickly dry up, with devastating consequences for economic growth,” Neumann said.
6） 其實亦不是新近的事，因為很多人(包括你們及任志剛及曹仁超等等
請儘快加大力度做好防患未然。否則香港人又再大受打擊。
Best Regards,
George
＜如有興趣觀看之前的電郵，請前往連結： http://
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