tag:blogger.com,1999:blog-7478408299955066555.post352931794080253995..comments2024-02-21T05:08:31.128-05:00Comments on Deep Throat: The Most Disturbing Statement...Deep Throathttp://www.blogger.com/profile/02712515268051858186noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7478408299955066555.post-60578455706996414892018-11-16T06:34:37.009-05:002018-11-16T06:34:37.009-05:00https://www.scmp.com/economy/china-economy/article...https://www.scmp.com/economy/china-economy/article/2173623/china-orders-banks-improve-political-positioning-and-boost ohhh Mr. Yu, what to do??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7478408299955066555.post-33664687722812674922018-11-12T21:36:56.725-05:002018-11-12T21:36:56.725-05:00Re: #1 someone bears the ROL on the OBS.....but th...Re: #1 someone bears the ROL on the OBS.....but the custodian doesn't.<br /><br />Re: #2 there's always a greater fool....until there isn't.Deep Throathttps://www.blogger.com/profile/02712515268051858186noreply@blogger.comtag:blogger.com,1999:blog-7478408299955066555.post-3054423533934526072018-11-12T09:31:22.083-05:002018-11-12T09:31:22.083-05:00Thanks Paul, it sounds like you agree with my thes...Thanks Paul, it sounds like you agree with my thesis/content. I'd suggest that if you and I and the US Treasury were all working to disarm a ticking bomb, that it might be counter productive to begin debate on the definition of "explosion" while trying to determine which wire to cut...Deep Throathttps://www.blogger.com/profile/02712515268051858186noreply@blogger.comtag:blogger.com,1999:blog-7478408299955066555.post-61549529322284478382018-11-03T06:26:51.865-04:002018-11-03T06:26:51.865-04:00Of course China manipulates its currency. But und...Of course China manipulates its currency. But under a 2015 law there are three conditions that must exist before Treasury can label them as such<br />1) A ‘significant” bilateral trade surplus with the US that tops $20bn<br /><br />2) A “material” current account surplus that is greater than 3 per cent of GDP<br /><br />3) Persistent, one-sided intervention in its currency market, in excess of 2 per cent of GDP<br /><br />While it meets the first one, It does not meet the other two. So Treasury had no choice if it wanted to follow the 2015 law. Anonymoushttps://www.blogger.com/profile/04063185524136227704noreply@blogger.comtag:blogger.com,1999:blog-7478408299955066555.post-14683315615177776152018-11-01T05:21:04.106-04:002018-11-01T05:21:04.106-04:00Really great analysis. I consistently enjoy your a...Really great analysis. I consistently enjoy your articles.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7478408299955066555.post-37622879610724389172018-10-30T09:28:04.416-04:002018-10-30T09:28:04.416-04:00In Fed Z1, LA264104005 series, foreign borrowing h...In Fed Z1, LA264104005 series, foreign borrowing has been at its max since Trump came to power, $400-500bn annualised with Q2 this year soft. If the China bank needed local funding in the US is should show up here right?Strategic macrohttps://www.blogger.com/profile/13718957223946001551noreply@blogger.comtag:blogger.com,1999:blog-7478408299955066555.post-66913447349656382932018-10-29T18:13:14.246-04:002018-10-29T18:13:14.246-04:00Great work as always. Keep it up.Great work as always. Keep it up.Drunkenmunkyhttps://www.blogger.com/profile/13199385245647049485noreply@blogger.comtag:blogger.com,1999:blog-7478408299955066555.post-23468857758467666642018-10-28T18:54:47.886-04:002018-10-28T18:54:47.886-04:00I don't understand why would banks go under as...I don't understand why would banks go under as you specified that OBS activity doesn't impact profitability.<br /><br />At the same time I also don't understand why bankers in the Cayman/Luxembourg/HK...would allow Mr. Yu to lever up knowing full well that "RMB is toilet paper"Mike Tysonnoreply@blogger.com