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  "docId": "019dd923-622c-750b-8b9b-5d9cdee5e75f",
  "docSlug": "6e4856b01af3",
  "documentTitle": "Hong Kong Dollar / Hong Kong Monetary Authority (HKMA) (HKD)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Capital Management",
  "documentKindSlug": "conference-presentation",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2011-09-14 00:00:00",
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  "pageNumber": 124,
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      "kind": "list",
      "text": "The costs of acting today are low: HKMA credibility, reserves, bank FX exposure, lack of export manufacturing sector.",
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      "kind": "list",
      "text": "The benefits of acting now: Consumer inflation, real estate bubble prevention, social unrest, fiscal divergence, RMB peg revaluation.",
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      "kind": "source-note",
      "text": "Source: 1 “Foreign Currency Position” and “Mortgage Survey Results” – Hong Kong Monetary Authority (http://www.info.gov.hk/hkma/eng/statistics/msb/index.htm).",
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      "kind": "title",
      "text": "Why Now? – Benefits Outweigh the Cost",
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      "evidence": "The presentation proposes a solution through a revaluation of the Hong Kong Dollar, which would mitigate inflation and a potential real estate bubble.",
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      "objective": "Why now is the right time for a revaluation of the Hong Kong Dollar.",
      "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity",
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