Following the market lockdown during October’s Party Congress, many commentators were disturbed by the continued rise in Chinese government bond yields as we returned to “business as usual”, with the 10-year rising to 4%. At the beginning of this month, we discussed the sell-off (see “China: Shadow Bank Inflows Are Critical To Sustain The Ponzi…But They’re Falling”) and noted a useful insight from the Wall Street Journal.
Authored by Leon Hadar via The Strategic Culture Foundation,
The continuing American obsession with Russia plays directly into Beijing's hands and makes it less likely that Washington will develop an effective strategy to deal with China...
When thinking about male-pattern baldness, what comes immediately to mind? Genetics? Thanks for this, grandad.
Authored by Nick Giambruno via InternationalMan.com,
As Doug Casey has correctly noted, the prime directive of any organism - whether it’s an amoeba or a person or a corporation or a government - is to survive.
That’s why the US government protects the petrodollar so zealously. It needs the system to survive.
Why Everyone Uses the US Dollar… for Now
A day after China’s state-run airline closed its last remaining routes to North Korea – a decision the airline’s executives blamed on a sharp decline in business travelers due to restrictive UN Security Council sanctions – Communist Party spokespeople slammed new US sanctions targeting Chinese traders doing business with North Korean businessmen, calling them “wrong” while reminding the US that China has vigorously enforced the UN sanctions.
It's barely been a day since President Donald Trump revealed that the US would once again label North Korea a state sponsor of terrorism and impose broad new sanctions against its government and senior officials, and already more bad news for the restive communist state has emerged. This time, the Associated Press is reporting that Air China, a state owned airline, is canceling flights to North Korea, leaving the North's troubled Air Koryo as the only airline operating flights between North Korea and its primary economic benefactor.