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And yet HUNDREDS OF THOUSANDS of Chinese Citizens trek half way around the world in order to attend American and Canadian Universities every year. And every year Chinese Citizens invest hundreds of billions of dollars in American and Canadian real estate, properties, and Companies. And every...

Pump your brakes - it is entirely reasonable that a Chinese Company listed on a US stock exchange be required to have audited financial statements prepared by an accredited third party accounting firm - US Companies do so by law. If a Chinese Company doesn’t want to abide by the same...

You kinda fell apart there. China is levered to the gills - $40 Trillion and counting. The PBOC has already injected over $1 Trillion worth of stimulus into the economy in 2019 - and I’ve read that they will likely have to do more of it now that export tariffs are a reality. You are quick...

I watched a 60 Minutes Australia piece on “one belt one road”. It’s a bit more nefarious than that. Many of these projects are deep water ports that Countries like Myanmar don't really need - but if Myanmar can’t pay China back guess who gets the port. China pitched it to Myanmar as a cruise...

Jerry Jones is betting on production - not price.

Setting aside the very debatable use of tariffs and Washington Party political machinations - I've come to believe that a decoupling of the US and Chinese economies was inevitable and that China needed to be confronted. And like Sig, I am pleased that bipartisan public pressure has been...

Wall Street Journal June 11, 2019 Chinese Cash That Powered Silicon Valley Is Suddenly Toxic As U.S. startups reject their money, Chinese venture-capital firms in U.S. are dialing back investments, structuring deals to avoid regulators or shutting down Silicon Valley startup Pilot AI Labs...

Foxconn could make all US iPhones outside of China if needed, says company ‘We can help Apple respond to its needs in the US market’ A senior Foxconn executive says that the company could move production of all iPhones destined for the US out of China if the current trade war demands it. In...

Good grief Tennessee is really strong - especially the Central area. Nashville and the manufacturing Counties are experiencing explosive growth. Goldman Sachs and UBS are expanding Nashville operations and Amazon is building out a hub in Nashville that they’re now talking about expanding...

Wall Street Journal Foxconn Says Prepared to Move Apple Production Out of China if Necessary Taiwan-based company tries to brush off investor worries over U.S.-China trade row HONG KONG—Foxconn Technology Group said it is ready to shift production for Apple Inc. out of China if necessary, as...

Wall Street Journal In Mexico’s South, Police Check Buses, Trains in Migrant Crackdown TAPACHULA, Mexico—A Mexican immigration officer clad in white shirt and khaki trousers stops a minibus, opens the sliding door and peers inside. Several federal policemen stand by, watching the improvised...

NAFTA isn’t worth the paper it’s written on if Mexico allows 200,000 Central Americans to illegally cross TWO of its borders and traverse the entire length of its territory each month. Mexico, the US, and Canada each have national security exemption allowances they can invoke. It’s a shame...

Washington Post Mexico Promised Unprecedented Crackdown to Talk Trump Out of Tariffs Mexican negotiators persuaded President Trump to back down from his tariff threat by agreeing to an unprecedented crackdown on Central American migrants and accepting more-expansive measures in Mexico if the...

CL simply cannot muster the same enthusiasm as the broad equity markets. Their historically high positive correlation the past few years or so might be coming to an end - undone by plentiful API/EIA inventories and the sense that Fed rate cuts will be needed to dampen or moderate a Recession in...

Next to impossible for someone outside the Dealer/Bank network to find on-the-run Bundesbank debt to short. Hell, for decades they wouldn’t let US Hedge Fund desks trade it in fact (Ken Griffin at Citadel made a big stink about it) The play would have been to buy Eurex Schatz Contracts before...

A two year piece of paper that guarantees >= 10% return over two year maturity is high risk / low credit rating borderline corporate junk status . And there are no guarantees in junk corporate bonds (or Greek or Russian Sovereign paper for that matter). The dirty price of the futures contract...

Check / as of Friday’s close the Schatz yield is now at -0.69%. Shorting the Schatz at -0.67% would have put you in the hole by 20 Euro per 100,000 Euro notional value. Shorting Sovereign Debt is not a risk free endeavor. We are still 260 Euro per 100,000 Euro notional away from the low of...

Feel free to explain the Sovereign Debt rabbit-hole to the uninitiated in three concise paragraphs yourself next time.

Tell me how a negative yield two year duration instrument “would guarantee more than a 10% return” as proffered by the OP. The OP is correct that the Schatz yield is at present -0.67%. It’s been as low as -0.95%. So yes, many many investors have for some time been betting on the prospect of...

Holding on-the-run Schatz is not going to “guarantee you a 10% or greater return”. Your understanding is not correct.