Bass notes that Mainland Chinese companies listed on US exchanges are not subject to standard accounting practices (https://www.youtube.com/watch?v=cYZqkVGOT4g&t=621s). Earlier this week, Kevin O'Leary, aka Mr Wonderful, testified in front of Congress along similar lines (ie US companies' regulatory disadvantage on its own exchanges). https://youtu.be/5QLOvlRfrAE
Notable - as far as I could tell, only Republican members of Congress were asking O'Leary questions related to unfair exchange practices. Curious...
JJ: Best wishes for a restful weekend, my friend. RE: civil war: America washes its laundry in public, the Europeans don't and the Asians definitely don't. As Churchill famously said, "Americans can always be trusted to do the right thing, once all other probabilities have been exhausted."
Love your scribes. Not in a civil war now, hopefully not yet. If we can get a few wins under our belt, the common sense moderates will realize Trump is not the devil.
Michael Howell has an interesting theory that to escape its debt deflation, China is trying to debase its currency versus hard assets - and gold is its hard asset of choice. Video here, but his suggestion is that China needs to get the price to at least $3,600. In a sea of takes on what's driving gold, first one I've heard in a while that seems very sensible (outside of the you can't get Gazprommed on gold).
Bass notes that Mainland Chinese companies listed on US exchanges are not subject to standard accounting practices (https://www.youtube.com/watch?v=cYZqkVGOT4g&t=621s). Earlier this week, Kevin O'Leary, aka Mr Wonderful, testified in front of Congress along similar lines (ie US companies' regulatory disadvantage on its own exchanges). https://youtu.be/5QLOvlRfrAE
Notable - as far as I could tell, only Republican members of Congress were asking O'Leary questions related to unfair exchange practices. Curious...
A good weekend to all!
JJ: Best wishes for a restful weekend, my friend. RE: civil war: America washes its laundry in public, the Europeans don't and the Asians definitely don't. As Churchill famously said, "Americans can always be trusted to do the right thing, once all other probabilities have been exhausted."
“The best argument against democracy is a five minute conversation with the average voter.”
Love your scribes. Not in a civil war now, hopefully not yet. If we can get a few wins under our belt, the common sense moderates will realize Trump is not the devil.
Amen brother
Michael Howell has an interesting theory that to escape its debt deflation, China is trying to debase its currency versus hard assets - and gold is its hard asset of choice. Video here, but his suggestion is that China needs to get the price to at least $3,600. In a sea of takes on what's driving gold, first one I've heard in a while that seems very sensible (outside of the you can't get Gazprommed on gold).
Minutes 50-61:
https://youtu.be/MaWLq2WAK2E?si=AFRd6eIi9DL3vzw-
Good clip.
Ty sir
Thanks to your opening quote I now have BTO ringing in my head. Have a great weekend.