by Roger Barris
A Convocation Of Gamblers
The Wall Street Journal and BloombergView have just run articles on the shadow banking system in China. This has put me in a nostalgic mood. About 35 years ago when I was living in Japan, I made a side trip to Hong Kong.
[…] I took the hydrofoil to Macau one afternoon and the same service back early the next morning. On the morning trip, I am sure that I saw many of the same faces that I saw the day before.
They had been gambling all night and were now heading back, blurry eyed and hungover, to their desks in Hong Kong’s financial district.