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Jamie Dimon: "It's Embarrassing As An American Listening To This Stupid Shit We Have To Deal With"

One month after Goldman CEO Lloyd Blankfein trolled Donald Trump, when on June 9 in only his 4th ever tweet, the chief executive sarcastically said on Twitter "Just landed from China, trying to catch up.... How did "infrastructure week" go?" moments ago Jamie Dimon, in very uncertain terms, lashed out at the gridlock in Washington in general, and - according to some - president Donald Trump in particular (despite Dimon's subsequent clarification that that was not the case).

China Says Trade With North Korea Grew Only 10.5% In First 6 Months Of 2017

China Says Trade With North Korea Grew Only 10.5% In First 6 Months Of 2017

New data released by the Chinese government suggests trade with its restive neighbor, North Korea, has only increased by a modest degree since the beginning of the year, rebutting criticisms from President Donald Trump and UN ambassador Nikki Haley that the world's second-largest economy is undermining US efforts to curb trade with the North.

"A Reverse Rollup From Hell": China's "Boldest Dealmaker" Faces Margin Call Disintegration

"A Reverse Rollup From Hell": China's "Boldest Dealmaker" Faces Margin Call Disintegration

One month ago, when describing the bizarre, not to mention systemically dangerous practice of dozens of small and mid-cap Chinese companies and executives offering to backstop losses on their employees' purchases of company shares, we couldn't quite explain it, although it seemed to revolve around a simple, and fraudulent, ponzi scheme: the same executives who were making the "make whole guarantee" had themselves taken out substantial loans collateralized by a pledge on their own stock.

China Deploys Troops To Its First Overseas Military Base In Africa

China Deploys Troops To Its First Overseas Military Base In Africa

China has deployed troops to the country's first overseas military base in Djibouti on the Horn of Africa, as China's rapidly modernizing military extends its global reach. Beijing says the "support base" will be used for logistical purposes, such as resupplying ships taking part in peacekeeping and humanitarian missions off the coasts of Yemen and Somalia however concerns are growing about China's rising geopolitical influence especially at such a key strategic location.

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