Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent. ↗
What people don't realize is that China papered over its last two credit bubbles, those in 1999 and 2004. The banks were never bailed out - they just exchanged their bad loans for questionable bonds from quasi-state organizations. ↗
The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before. ↗
I care about Bond and what happens to him. You cannot be connected with a character for this long and not have an interest. All the Bond films had their good points. ↗
We are spending more money on bond holders than we are on our own citizens. It took 204 years to have this happen. The other party will not even allow a recorded vote on this issue so that we can see how people stand on that issue. ↗
It's a huge challenge, a huge responsibility. Bond is a huge iconic figure in movie history. These opportunities don't come along very often so I thought, 'Why not?' ↗
