Regression Model Predicts Rangebound Movement in Unum Group getLinesFromResByArray error: size == 0 Regression Model Predicts Rangebound Movement in Unum Group getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0

Regression Model Predicts Rangebound Movement in Unum Group getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0In the 20 years since the end of the Cold War, NATO's position has gradually weakened with the temporary disappearance of the Russian threat, but historical inertia has caused the United States to continue pouring resources into NATO's military presence, which in turn led to President Trump's criticism of NATO and a series of "withdrawal" impulses under the circumstances of the relative weakening of the United States' own power.

Regression Model Predicts Rangebound Movement in Unum Group getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0At this stage, Europe emphasized its economic and ideological independence, but the "legs" of its hard power were never strong, and it could only shout the slogan "European independence" on NATO, the "wheelchair" maintained by the United States.

Regression Model Predicts Rangebound Movement in Unum Group getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0Currently, the Hong Kong Monetary Authority's reserve assets are HK$3.5 trillion, six times the local currency in circulation, twice the currency base, and 40% of broad money.

Regression Model Predicts Rangebound Movement in Unum Group getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0This level of reserve assets seems sufficient to deal with daily capital flows.

Regression Model Predicts Rangebound Movement in Unum Group getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0The alarming fact is that reserve assets have fallen by 15% from their peak in 2021 to the present.

Regression Model Predicts Rangebound Movement in Unum Group getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0[Figure 5] shows the recent trend of Hong Kong's reserve assets, which show a sharp decline.

Regression Model Predicts Rangebound Movement in Unum Group getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0Continued capital outflows could undermine investor confidence in the Hong Kong dollar's pegged exchange rate, triggering further capital outflows.

Regression Model Predicts Rangebound Movement in Unum Group getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0If that happens, the level of reserve assets will have to be raised to ease investor concerns.

Regression Model Predicts Rangebound Movement in Unum Group getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0However, there is precedent for this happening if we look at another indicator, the ratio of reserve assets to broad currency.

Regression Model Predicts Rangebound Movement in Unum Group getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0From 2021 to the present, this ratio has fallen from 0.50 to 0.4.

Regression Model Predicts Rangebound Movement in Unum Group getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0During the SARS epidemic in 2003 and the global financial crisis in 2007-2008, this ratio fell twice, with even larger declines.

Regression Model Predicts Rangebound Movement in Unum Group getLinesFromResByArray error: size == 0 getLinesFromResByArray error: size == 0The current sharp decline in foreign exchange reserve assets is certainly a wake-up call for monetary policymakers, and they need to pay more attention to capital outflow pressures, but the author remains confident in Hong Kong's ability to overcome the current difficulties.getLinesFromResByArray error: size == 0