China

China

Which Country Is America’s Biggest Enemy?

Between alleged interference in U.S. elections by Russia, recent nuclear posturing by North Korea, and chemical weapon atrocities in Syria – it’s hard to keep track of which country is supposed to be the bona fide number one “enemy” of the United States.

Cheat Or Chump? - You Are Not An Investor

"You are not an investor. One can only be an investor in functioning markets. There have been no functioning markets since at least 2008, and probably much longer. That’s when central banks started purchasing financial assets, for real, which means that is also the point when price discovery died. And without price discovery no market can function."

IMF Drops Pledge To "Resist All Forms Of Protectionism"

A communique from the IMF’s steering committee released on Saturday in Washington echoed the G-20 reversal, and said that officials “are working to strengthen the contribution of trade to our economies" while omitting a call from its last statement in October to “resist all forms of protectionism."

Deutsche Bank: "It Was Good While It Lasted"

"It Was Good While It Lasted: Sit back, relax, the bear market in bonds may be over. It would not be unreasonable to expect at least a 50 bps decline from peak to trough in G3 yields following a peak in yield momentum."

North Korea Warns China Of "Catastrophic Consequences" For Siding With U.S.

North Korea has asked China not to step up anti-North sanctions, warning of "catastrophic consequences" in their bilateral relations. China "may be applauded by the enemies of the DPRK, but it should get itself ready to face the catastrophic consequences in the relations with the DPRK."

Paul Craig Roberts On President Trump's 'Disappearance'

"In my long experience in Washington, vice presidents did not make major foreign policy announcements or threaten other countries with war. Not even Dick Cheney stole this role from the weak president George W. Bush. But this week the world witnessed VP Pence threaten North Korea with war. "The sword stands ready," said Pence as if he is the commander in chief. Perhaps he is."

China Is Building The World's Largest Nuclear Submarine Facility

Starting later in 2017, China's new submarine factory on the Yellow Sea will churn out nuclear-powered attack submarines ensuring that the sub program of the People's Liberation Army Navy will soon be a deadly global force. Once fully operational, the assembly line will enable China to at least match USN SSN production.

Frontrunning: April 21

  • Attack overshadows last campaign day in France (Reuters)
  • Paris Gunman Was Questioned by Police in February (WSJ)
  • French PM knocks Le Pen, Fillon stance on security after Paris shooting (Reuters)
  • Battle zone scenes at Paris Champs Elysees (Reuters)
  • In ‘Buy American’ Push, Trump Is Starting in a Hole (WSJ)