All Hail Chinese Emperor Xi Jinping: Will He 'Make China Great Again'?

"Chinese history speaks for itself. Absolute power in the hands of a man whose actions are rubber-stamped by a mock-up Congress will not make China great...Wake me up when China has a Bill of Rights granting freedom of speech and protection from unwarranted searches."

Yield Curve Inverts, Yuan Slides As China GDP Growth Slows

Despite all the talk of deleveraging, China did anything but according to its most recent data but the lagged impact of the tumbling credit impulse is starting to show up in the broader macro data. Despite the National Congress being under way (and recent credit spikes and positive PBOC hints) GDP growth limped lower to the expected +6.8% YoY, and fixed asset investment growth was the weakest in over 17 years...

Mike Krieger Is "Surprisingly Optimistic" About The Future... But There's A Catch

"...a meaningful percentage of the world’s population already understands that something’s off in a major way and that things aren’t working. More will come around to this view in the years ahead, and those with the power will become increasingly panicky. This will create the window of opportunity for humanity to take a great leap forward. "

Milton Friedman & Conservatives Are Wrong In Education

"There is only one solution to the educational morass in which Americans find themselves: Separate school and state, just as our ancestors separated church and state. Repeal all school compulsory-attendance laws and school taxes and sell off the school buildings. End all government involvement in education, including licensing of schools. Establish a total free-market educational system."

The Dollar Funding Shortage: It Never Went Away And It's Starting To Get Worse Again

Negative cross currency basis swaps indicate that the structural tightness in dollar liquidity never disappeared despite the weaker dollar. If dollar funding markets get a lot tighter again, this won’t be good news for EM markets with offshore (Euro) dollar debt in the region of $10 trillion. Rolling over dollar debt periodically will be uncomfortable, to say the least, for some of the region’s banks.