US-China talks; Party over for self-media; Fengqiao Experience; Reform & Opening Exhibit
sinocism.com
The South China Morning Post and the Wall Street Journal's confirmed Sinocism's reports that Liu He will be coming to DC and that Liu and Steve Mnuchin had a phone call Friday. I am hearing President Trump is concerned about the stock market and the likely economic impact from increasing the 10% tariff rate to 25% January 1st and adding tariffs to the remaining imports from China. Xi really does not want this economic and political headache and so is very willing to cut a deal, though I also keep hearing the Chinese have yet to offer anything really interesting. The odds of a short-term deal may be going up, but I wouldn't expect it do anything to address the broader issues in the relationship.
Obsession with the stock market would be America's undoing. OMG. No word. It s an addiction. A very costly addiction. The biggest lie of the last 50 years is that the market is efficient. It was a pseudo-scientifc fantasy in the first place. Since QE, it s been as true as the economic theory of Marx.
Obsession with the stock market would be America's undoing. OMG. No word. It s an addiction. A very costly addiction. The biggest lie of the last 50 years is that the market is efficient. It was a pseudo-scientifc fantasy in the first place. Since QE, it s been as true as the economic theory of Marx.