On the issue of the 87,000 new #IRS agents to be hired to audit everyday Americans…Why is it that foreign investors into American companies (public and private) PAY NO CAPITAL GAINS TAX WHATSOEVER. When a Saudi Arabian Sheikh or a Chinese billionaire trades stocks or invests 1/4
Quote of @9DashLine
Ambassadors to China are dying at an alarming rate in 2022. FOUR different ambassadors to China have passed away under strange circumstances in the first 8 months of 2022. German ambassador Jan Hecker, 54, died in September, less than two weeks into his Beijing posting.
Quote of @Jkylebass
The circus 🤡 clown of the Communist Party of China’s propaganda effort @HuXijin_GT just announced an ‘extension’ of the live-fire military drills off the coast of Taiwan 🇹🇼. This is EXACTLY what we expected as the effective blockade is extended to turn the screws
The Chinese Navy has added a 7th zone to their ‘live-fire’ exercises that will now last until Monday morning at 10am. The Communist Party will use Pelosi’s visit as an excuse to ratchet to a new force operating level in the Taiwan Strait. These exercises are designed to 1/5
Quote of @Chazperin
Reply to @SpokespersonCHN
@SpokespersonCHN Google Maps lists 200+ KFC restaurants in greater Beijing. Palates don't cheat. China has always been a part of Kentucky. The long lost child will eventually return home.
Baidu Maps show that there are 38 Shandong dumpling restaurants and 67 Shanxi noodle restaurants in Taipei. Palates don't cheat. #Taiwan has always been a part of China. The long lost child will eventually return home.
Minutes ago at CPAC, Trump just said “Pelosi’s visit to Taiwan would have never in a million years happened under Trump.”In the end, Trump was a pacifist willing to trade market stability and egregious human rights abuses for his precious (and failed)trade deal.With advisors 1/3
Quote of @formosaphile
Excellent catch Michael @formosaphile . This suggests to me that this force escalation and defacto naval blockade of Taiwan was planned long ago. The speed at which these books have been introduced evidences the CPC’s propaganda campaign that has been carefully crafted. #China
New disinformation push on Amazon? A torrent of new low quality "books" about Taiwan has appeared; a quick Google shows at least some of the content is plagiarised, and the names of the authors appear to be fake. I count 61 of these under one search term alone. 1/4
From our friends at Rhodium Group @rhodium_group : China’s carbon emissions now exceed all developed nations combined. #Unhinged #China #EmptyPromises #climate
Quote of @ObsoleteDogma
Jobs are THE lagging indicator. Payroll employment typically continues to rise for 5-9 months into recessions. Look to the recessions of the 70s and 80s. I remember meeting with FED officials in 2006…they said jobs growth is strong. They said there won’t
The economy just added 528,000 jobs, the unemployment rate fell to a 50-year low of 3.5%, and people were debating if we were in a recession last week.
Quote of @JKempEnergy
We are clearly on borrowed time when leadership is praying for a sharp recession to (temporarily) ease energy prices. 🤦‍♂️ #OOTT
BRENT spot prices and calendar spreads have weakened consistently in recent weeks, a sign the recent upward price cycle has begun to break down. Prices and spreads are softening in response to the increased probability of a recession dampening oil consumption:
If we were serious about standing behind Taiwan, we would be doubling and tripling advanced munition manufacturing (Harpoon, Javelin, Hellfire missiles). Instead @thejointstaff isn’t rapidly increasing production and hasn’t moved Taiwan to the top of the priority list for
The Chinese Navy has added a 7th zone to their ‘live-fire’ exercises that will now last until Monday morning at 10am. The Communist Party will use Pelosi’s visit as an excuse to ratchet to a new force operating level in the Taiwan Strait. These exercises are designed to 1/5
Every time I come on CNBC, the feed in Beijing is immediately cut across China by the MSS censors. Remember, the Chinese ambassador to the US and the Official Chinese Embassy’s twitter account have formally blocked me (a verified account). #ChinaExposed #China@SquawkCNBC
‘Craters’?!?? Really? The Taiwan 🇹🇼 dollar has moved in lock-step with the rest of the basket of Asian currencies against a very strong U.S. dollar. If China attacks, the world will actually see the TWD ‘crater’. #China #Taiwan #ChinaTaiwanWar
Quote of @CNBCClosingBell
Thanks @SaraEisen for today’s discussion. If I didn’t say it clearly, I think the FED will be cutting rates by the end of next year (2023) and that the equity markets should find a better entry point near the midterm elections this Nov. @CNBCClosingBell
"The pattern is set at the central banks. I think we're going to be cutting by the end of next year. You need to be picking your spots are starting to buy," says @Jkylebass. "While we might see more and more #inflation, the markets aren't going to allow rates to go higher."
Quote of @Byron_Wan
China’s PLA just posted a new video on WeChat that projects an invasion of Taiwan 🇹🇼. The frictions between the 🇺🇸 and china continue to grow as a result of china’s militaristic belligerence. The good news is the fact that China’s PLA is having significant issues with test
🔥 PLA Eastern Theater Command (东部战区) posted this video “严阵以待 听令而战” on Weixin (Wechat) about an hour or so again…

Quote of @HuXijin_GT
Speaking of Cowards, I would like to extend @HuXijin_GT a formal offer to come to Texas and by my guest at our ranch this Fall. Let’s engage in in-person diplomacy free from the Great Firewall (and before xi invades Taiwan 🇹🇼). @mikepompeo is invited as well. #LittleSparky #China
Quote of @mikepompeo
Coward. In January last year, it was reported that you were going to visit Taiwan in the last days before leaving office, but you did not dare to go in the end. Now you are inciting Pelosi to do things you wouldn’t dare to do as secretary of state. You are sinister.
CCP-mouthpiece The Global Times threatens Pelosi's plane will be shot down if she visits Taiwan.

President Biden must give full support to this visit. Don't be weak and cave to the demands of petty warmongers and dictators in Beijing. Support the freedom-loving people of Taiwan.
Quote of @Chinamission2un
Like the Sino-British Joint Declaration of 1984 (that was ratified and filed with the UN)? China just showed the world that signed, legal, ratified, international agreements aren’t worth the paper they are printed on. The @Chinamission2un ‘s BS propaganda doesn’t fool anyone.
Reply to @Chinamission2un
The two sides need to work for deescalation of regional hotspots, help rid the world of #COVID as early as possible, reduce the risk of stagflation and recession, and uphold the international system centering on the UN and the international order underpinned by international law.
China firmly opposes separatist moves toward “Taiwan independence” and interference by external forces, and never allows any room for “Taiwan independence” forces in whatever form. Those who play with fire will perish by it.
Quote of @lukedepulford
Rishi Sunak gave a speech last year that included -
“Too often, the debate on China lacks nuance…Truth is, China is both one of the most important economies in the world and a state with fundamentally different values to ours. We need a mature and balanced relationship.”
Hearing that @RishiSunak team is about to put stuff out about about how tough he is on China.

Second politician to have a Damascene conversion to the cause in a week - is there an election on or something?

As 👇recently 👇as 👇 January 👇
@Picketer Lanzhou is a city not a province…and I’m glad @DrewPavlou is getting under your skin (as evidenced by your tweet). 🤡
As we approach the annual pilgrimage of the Chinese elite to the resort town of Beidaihe,the world should remember what was happening in 1960 when this photo of the relaxed Mao Zedong was taken. 40,000-50,000 of his own people were starving to death daily due to this madman’s 1/5

Breaking news

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Elon Musk tells Joe Biden to 'free some people in jail for weed here too' |  Link
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China's housing crash has wiped out $90 billion from builders' stock and bond values this year as debt crisis looms |  Link
The San Diego company slashed its forecast for revenue growth in 2022 to between 4% and 5% from 14% to 16%. |  Link
Pelosi is so skilled at delivering legislative wins that it can be taken for granted, says @jbview via @opinion Link
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Texas’ two Republican senators aren’t fans of the Inflation Reduction Act. Yet few states stand to gain as much from it as theirs does via @opinion Link
Five Chinese state-owned companies to delist from NYSE amid U.S. tensions |  Link
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India’s retail inflation softens for a third straight month, taking some pressure off the central bank from pursuing steep rate hikes to control inflation |  Link
Germany is on Track to Meeting its Gas Saving Target |  Link
📻🎙 Inflation may have cooled to a degree in July, but pressures are still simmering. @johnauthers weighs in on Bloomberg’s Opinion podcast with @VonnieQuinn Listen to the full conversation ⤵️ Apple: Spotify: |  Link Link
Germany is on Track to Meeting its Gas Saving Target |  Link
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A judge said Robinhood must face claims that it manipulated the market during "meme stock" madness |  Link
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Polio detected in New York City sewage, suggesting local circulation of virus, health officials say |  Link
34% of younger workers are thinking of switching jobs due to company's stance on abortion, post Roe (via @CNBCMakeIt) |  Link
Preliminary figures from the University of Michigan's consumer survey indicate that consumer sentiment is increasing as economic conditions show signs of improving. |  Link
Investors should buy the latest rally in stocks as cooling inflation means lower peak interest rates, JPMorgan Asset Management's chief strategist says |  Link
Many retailers that had too little to offer during the early stages of the pandemic now have too much of everything—from bikes to barbecue grills. They amassed the extra inventory because they expected sustained demand and supply-chain problems |  Link
Samsung exec explains why the company's folding phones are so important to its business |  Link
US financier Todd Boehly led the group that bought Chelsea FC for $5.2 billion and now becomes the public face of the storied football club |  Link
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Fed's Barkin: Rate Hikes Would Not Be Inconsistent With A Tight Labour Market
Jon Batiste is leaving his perch as bandleader of “The Late Show” after a seven-year run backing up host Stephen Colbert via @AP Link
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Dutch authorities arrest suspected developer of crypto mixer Tornado Cash |  Link
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U of M 1 Yr Inflation (Aug P) 5% vs 5.1% Expected, 5-10 yr 3% vs 2.8% $SPY
US Univ. Of Michigan Sentiment Aug P: 55.1 (est 52.5; prev 51.5) - Current Conditions: 55.5 (est 57.8; prev 58.1) - Expectations: 54.9 (est 48.5; prev 47.3) - 1-Year Inflation: 5.0% (est 5.1%; prev 5.2%) - 5-10 Year Inflation: 3.0% (est 2.8%; prev 2.9%)
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U of M Sentiment (Apr P) 55.1 vs 52.5 Expected $SPY
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Dutch detain suspected developer of crypto mixer Tornado Cash |  Link
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On Aug. 22, schools in the Philippines will finally reopen their doors to students after two and a half years – one of the longest pandemic-induced school closures in the world (via @CityLab) |  Link
Job unhappiness is at a staggering all-time high, according to Gallup |  Link
Analyst: Sell Target stock into earnings by @BrianSozzi Link
Popular meditation app maker Calm reportedly lays off 20% of employees |  Link
Loop Capital retains a $1 price target on the stock, saying the recent surge has done nothing to change the company's fundamentals. |  Link
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Stocks rise on Friday as S&P 500 heads for fourth straight winning week |  Link
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US stocks rise as investors assess signs inflation is coming down |  Link
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84% of Gen Z is hoping for a housing market crash |  Link
South Korea's President Yoon Suk-yeol pardoned Samsung Electronics’ Vice Chairman Jay Y. Lee, with the justice ministry saying the business leader was needed to help overcome a ‘national economic crisis.’ Read more: |  Link
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Credit Suisse names its top stock picks for the rest of 2022 |  Link
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India's Life Insurance Corp June-quarter premium income jumps |  Link
BofA upgrades Alliant Energy to buy, saying it will benefit from climate bill |  Link
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