Inflation 5.2% in March

This is bad, but hardly exceptional in today's world. Furthermore we are experiencing negative real interest rates, so the real effect is worse. I have been warning family and close friends for the last three years to expect this.

Dangerous times for asset markets as people dangerously chase yields. I wouldn't be surprised if it all end in tears especially the property market. As usual you cannot tell when, and truly nobody knows.

When governments want to take your money, they make sure there are no hiding places unless you are their friends. They do this especially well for the Hong Kong tycoons. Has been going on for years and it was perfectly legal even if morally dubious.