Peter Treadway, PhD

American Constitution Trumped

Once upon a time Americans were very sensitive on the subject of taxation. They even dumped British tea into the Boston Harbor as a protest against British taxes. And the American constitution was written to give an elected Congress the primary power to impose taxes.
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Trump’s Favorite Advisors — Be Afraid

"What really makes China so scary today is the fact that it has so many people, and it’s also becoming an incredibly wealthy country so that our great fear is that China will turn into a giant Hong Kong. And if China has a per capita GNP that’s anywhere near Hong Kong’s GNP, it will be one formidable military power. So a much more attractive strategy would be to do whatever we can to slow down China’s economic growth — because if it doesn’t grow economically, it can’t turn that wealth into military might and become a potential hegemon in Asia."...
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National Security – An Abused Term

"That hereafter no State court or court of the United States shall admit Chinese to citizenship; and all laws in conflict with this act are ...
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The Rise Оf Chinese Technology Аnd Тhe US Response

In 1914 the Europeans (including the British) ruled the world. Their empires spanned the globe, their culture reigned supreme, financially they were the center of the world, their science was a marvel and they had convinced themselves and a good part of the world that they possessed a moral superiority. But by 1945, they had massacred tens of millions of their citizens, bombed their beautiful cities into ruble and bankrupted themselves financially and morally. German, the emerging language of technology in 1914, disappeared from the pages of global science....
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Made In China 2025 - Not To Worry!

The Chinese way of running their economic system is quite brilliant. I tip my hat to them....
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Will Trump Allow The Us To Continue As The World’s Innovation Economy?

Xenophobia definition: intense or irrational fear of people from other countries....
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Trump's Poisoned Chalice

Investors are drooling with anticipation that the coming Trump regime through lowering taxes, removing regulatory barriers and stimulating economic growth will continue to boost the stock market. As a bonus, there is the prospect of repatriation to their corporate owners of trillions of corporate dollars that are “trapped” abroad by American taxes. According to one recent forecast, US corporations hold some $2.5 trillion abroad....
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The Coming Destruction Of Hong Kong

Hong Kong as I write this is being paralyzed by demonstrations led by idealistic students and left wing Occupy Wall Street types. I spend a lot of time in Hong Kong. But I have to admit. I didn’t see this coming. I never thought this would get this big....
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How Many British Governors Were Elected By The People Of Hong Kong?

The answer to the above question, for those who did not know, is none. In 1841 under duress the Qing Dynasty ceded Hong Kong Island to the British. From 1843 until 1997, when Hong Kong was handed back to China, all Governors of Hong Kong were appointed by the British government. Nobody cried, nobody complained. But now the so called “Occupy Central” people are holding Beijing to a higher standard....
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In Hong Kong - The Peg Is Not Likely To Be Changed

In my opinion, the Hong Kong dollar peg, which has been set since 1983 to the US dollar at 7.80:1.00, should and will remain unchanged. There are sound economic reasons for this but I believe the primary reason is political....
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Author Info
image Peter Treadway, PhD is an independent consultant and money manager and Adjunct Professor in Asia. He is currently is principal of Historical Analytics, LLC. Historical Analytics is a consulting/investment management firm dedicated to global portfolio management. Its investment approach is based on Dr. Treadway’s combined top-down and bottom-up Wall Street experience as economist, strategist and securities analyst. A monthly letter entitled The Dismal Optimist is produced for clients. Dr. Treadway also serves in a part time capacity as Chief Economist, C T RISKS, a new Hong Kong company that will assist Asian financial institutions with their risk management problems. On the educational front, Dr. Treadway has developed a special Masters level course focusing on securities analysis and discounted cash flow and incorporating elements of standard equilibrium pricing models, behavioral finance and historical trends. This course has been given as Adjunct Professor at the Shanghai University of Finance and Economics (SUFE) and the City University of Hong Kong. From 1965-2000 Dr. Treadway had a distinguished career on Wall Street and with major American financial institutions. For example, from 1978-1981 he served as Chief Economist at Fannie Mae. From 1985-1998 he served as institutional equity analyst and Managing Director at Smith Barney following savings and loans and government sponsored entities(GSEs). He was ranked as “all star” analyst eleven times by Institutional Investor Magazine. Dr. Treadway holds a PhD in economics from the University of North Carolina at Chapel Hill, an MBA from New York University and a BA in English from Fordham University in Bronx, New York.