Foreign Exchange (Forex) Definition - Investopedia

Since I angered some Chads on /r/investing here's why I think China is the next "big short".

Fellow idiots,
I posted this comment which seems to have angered the highly sophisticated /investing community. I don't mind being downvoted but at least provide some counter arguments if you're going to be a dick. So in the pursuit of truth and tendies for all, I have prepared some juicy due diligence (DD) for WSB Capital on why China is on the verge of collapse.
TL;DR at the bottom.
Point 1: Defaults in China have been accelerating aggressively, and through July 2019, 274 real estate developers filed for bankruptcy, up 50% over last year. A bonus? Many Chinese state controlled banks have been filing for bankruptcy as well. Just google "china bank defaults" or something similar. Notice how many articles there are from 2019? When the banking system fails, everything else usually fails too.
Point 2: The RMB has depreciated significantly. Last time this happened, in 2015-2016, there was a significant outflow of foreign invested capital. According to the IIF, outflows reached $725bn due to the currency depreciation.. This time is different why again? I have heard some arguments why there will be less outflow this time, but I struggle to buy them.
Point 3: Despite wanting to operate like a developed economy, China still has not been able to shrug off the middle income trap. Their GDP per capita is comparable to countries we normally associated with being developing/emerging markets. Tangentially related to point 10.
Point 4: China is an export-dependent economy, with about 20% of their exports contributing towards their GDP. Less exporting means less GDP, less consumption (because businesses make less money, they pay people less, who in turn spend less), which has a greater effect on GDP than any declines in exports would have at face value. Guess what? Chinese exports dropped 1% in August, and August imports dropped -1%, marking the 5th month this year of negative m/m export growth..
Point 5: Business confidence has been weak in China - declining at a sustained pace worse than in 2015. When businesses feel worse, they spend less, invest less in fixed assets, hire less until they feel better about the future. Which takes me to my next point.
Point 6: Fixed asset investment in China has declined 30 percentage points since 2010. While rates are low, confidence is also low, and they are sitting on a record amount of leverage, which means they simply will not be able to afford additional investment.
Point 7: They are an extremely levered economy with a total debt to GDP ratio of over 300%, per the IIF, which also accounts for roughly 15% of global total fucking debt. Here's an interview with someone else talking about it too.
Point 8: Their central bank recently introduced a metric fuckton of stimulus into their economy. This will encourage more borrowing....add fuel to the fire. Moreover, the stimulus will mechanically likely weaken the RMB even more, which could lead to even more foreign outflows, which are already happening, see next point.
Point 9: Fucking LOTS of outflows this year. As of MAY, according to this joint statement, around 40% of US companies are relocating some portion of their supply chains away from mainland. This was in May. Since May, we have seen even more tariffs imposed, why WOULD companies want to stay when exporting to the US is a lot more expensive now?
Point 10: Ignoring ALL of the points above, we are in a global synchronized slowdown, with many emerging market central banks cutting rates - by the most in a decade. Investors want safety, and safe-haven denominated assets are where we have seen a lot of flocking into recently. Things that can be considered safe-havens have good liquidity, a relatively stable economy, and a predictable political environment.
Would love to hear opposing thoughts if you think China is a good buy. I am not against China, nor any other country for that matter, but I am against losing money (yes, wrong sub etc.), and I can not rationalize why anyone would be putting in a bid.
TL;DR: the bubble is right in front of your face, impending doom ahead, short everything, fuck /investing.
Edit, since you 'tards keep asking me how to trade this, there are a few trades that come to mind:
*not investment advice*
submitted by ComicalEconomical to wallstreetbets [link] [comments]

A Short Story that Describes Imaginary Events and People of Worldwide Calamities and the Aftermath (the 2nd Edition)

The following story, all names, characters, and incidents portrayed in this post are fictitious. No identification with actual persons (living or deceased), places, buildings, and products is intended or should be inferred.
However, the LINKS to real-life events and inspiring sources are placed here and there throughout the story.
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Truth is the Only Light
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INTRO
☞ [As of 2019] there are plenty of reasons to think the Chinese system will implode spectacularly without Japanese feeling the need to do a thing. — Peter Zaihan, Disunited Nations (Mar 03, 2020)
It's apparent that two nations have been engaged in a high-stakes military & economy arms race. The current US admin has been hitting China with waves of tariffs, but that was merely a small part of what's actually going on. [1] [2] [3] [4] [5] [6] [7] [8]
On Oct 11, 2019, when they reached a tentative agreement for the first phase of a trade deal, the fact that China made the concession actually made my jaw drop. From where I sit, it was a worrisome scene. Aren't people saying, when challenging situations are bottled up, they will just grow and mutate into another terrible complications?
Admittedly I was not certain how they are going to adhere to the agreement: It left most of the US tariffs (on China's exports) in place, and at the same time, came with an additional USD $200 Billion burden for China over the next two years. This agreement might seem a bit insignificant, but now China would need to purchase almost twice the size of the US products & services they did before the trade war began.
With their current economic climate? I murmured, "No way."
While watching Trump brag and boast around with said agreement, I expected China would soon come out and fling some improvised excuses in order to delay the document-signing process. It wouldn't be their first time. More importantly, even if China does so, there wouldn't be many (real) counterattack options left for the Trump admin during this year, the US presidential election year.
Then, on Jan 16, 2020, the world’s two largest economies actually signed a partial trade agreement aimed at putting the brakes on an 18-month trade war. China would almost surely not sit down but come back to bite, I thought.
Enter the worldwide chaos following so called the COVID-19 outbreak.
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BACKGROUND
☞ Globalists have been heavily investing in China's economy and its components overseas.
• Here are a couple of well known names: the Great Old One; George Soros; Koos Bekker; and Bill Gates.
• For the sake of convenience, from here on, let's call these globalists, who are foreign investors in China's top tier state-owned/sponsored/controlled enterprises, Team-Z.
• Team-Z has adopted big time lackeys like Henry Kissinger or small time ones like Larry Summers, Stephen Hadley, or Bill Browder as matchmakers to court Team-Z for China's top tier enterprises. When Israel's highest echelons chimed in, it has been through Israeli IT companies and the BRI projects.
• Naturally, multinational investment banks have also been employed; such as Morgan Stanley, Goldman Sachs, Royal Bank of Scotland (RBS), UBS Group AG (formerly Union Bank of Switzerland), Blackstone Group, Canaccord Genuity, BlackRock, Hermitage, or Mirae Asset.
☞ Note: The Great Old One didn't use any matchmakers, something peasants would need. Because the Great Old One's power level is over 9000.
• China's Shanghai clique used to keep the nation's state-sponsored enterprises under their firm grip: Enterprises such as Alibaba Group, Tencent, Baidu, Wanda Group, HNA Group, Anbang Group, Evergrande Group, CEFC Energy and Huawei, all of which Team-Z has massively invested in.
Here is how Shanghai clique and Team-Z, esp. Bill Gates, started to get together: [LINK]
• However, in the name of anti-corruption campaign, Xi Jinping & his Princelings have been taking those businesses away from Shanghai clique's hand, and transforming those state-sponsored private enterprises into the state-owned enterprises, declaring the 國進民退 movement.
• Slaying Shanghai clique's control = [1] [2] [3] [4] [5] [6]
• 國進民退 + Slaying Shanghai clique's control = [A] [B] [C]
• Xi's reign didn't arrive today without challenges though: the BRI projects' poor outcome has frustrated Israel's great expectations. And since the US-China trade war has started, the problems of China's economic systems started to surface, not to mention China's economy has long been decaying.
• Coupled with the US-China trade war, the current US admin has been trying to block Huawei from accessing the international financial systems that the US can influence, as well as the US banking systems. This is a good time to remind you again that Bill Gates has had a very close-knit relationship with Huawei.
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TRADE WAR & INTERNET-BASED COMPANIES
☞ It's the trade war, but why were internet-based companies such as Tencent and Baidu suffering losses?
Answer: The state-sponsored companies like Tencent, Baidu, or Huawei have heavily invested in international trade and commodity markets, which are easily influenced by aspects that IMF interest rates, the US sanctions, or trade war can create.
Example: Let's say, Tencent invests in a Tehran-based ride-hailing company. Then, through said ride-hailing company, Tencent invests in Iran's petroleum industry. Now, China's most valuable IT company is in international petrochemical trade. The business is going to make great strides until the US imposes trade embargoes oand economic sanctions against Iran.
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TL;DR
China's economy going down = Team-Z losing an astronomical amount of money.
★ Wednesday, Sep 26, 2018 ★
"Gentlemen, you guys might want to do something before it's too bloody late, no? His speech last night was .... (sniggers) Mr. Gates, now is as good a time as any. Mr. Soros, hm, don't look at me like that."
".... But,"
"Yes, Mr. Soros, your HNA is going down, too. .... Ah, Schwarzman xiansheng, we're very sorry to learn about Blackstone's Iran & SinopecChina situation. So, we're guessing, you'd be happy to join Mr. Gates's operation, yes? Of course, We already contacted Kissinger xiansheng. .... Okay then, Gentlemen?"
• Now you can take a guess why George Soros has recently been sending out confusing messages regarding Xi Jinping.
• Wait, how about Wuhan Institute of Virology? Doesn't this story concern the COVID-19 outbreak? Is the Wuhan Institute also associated with Shanghai clique? Yes, indeed. Here's How Wuhan Institute of Virology and Shanghai Clique are related: [LINK]
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EIGHT OBJECTIVES
☞ Calling for the tide to be turned, Team-Z and Shanghai clique started to devise the plan. The objectives are:
By shutting down international trade, crashing world economy, and exploiting its aftermath, the plan should produce an outcome letting Team-Z earn back their loss from the trade war & the US sanctions, and collect additional profits from China's BRI projects & stock markets worldwide, including the US stock markets.
Don't forget this: This point number also concerns the developing nations on the BRI with the large deposits of natural resources that Team-Z has invested in through China. If everything comes together nicely, Team-Z will pick up trillions of dollars from those nations alone as if they are light as a feather. Ironically this will reinforce the BRI project governance and mitigate fraud & corruption risks inherent to the international development projects.
By utilizing the aftermath in the US, a new US administration consisted of pro-Beijing personnels should be fostered at the 2020 election. In a worst-case scenario, the aftermath should be abused enough to make Robert Lighthizer to leave the admin. Mr. Mnuchin could stay.
Sometime next year, the phase one trade deal must be reassessed with the new US admin. The reassessment should help China take the upper-hand at the second phase trade talk.
The pandemic crisis should yield a situation which allows China to delay the payments for its state-firm offshore debts. With the point number , this will give China a breathing room to manage its steadily-fallen forex reserves.
Since their current turf (in China) is education industry & medical science industry, Shanghai clique will have no issue with earning hefty profits by managing China's export of medical equipments & health care products which can be supplied worldwide mainly by China. People in the west will bent the knees for the clique's support.
☞ Regarding Jiang Zemin's son and medical science industry in China [LINK]
The outcome should weaken Xi & his Princelings' political power considerably in favour of Shanghai clique & Team-Z. This will let Jiang's Shanghai clique (A) reclaim some of political status & business interest controls they have lost to Xi & his Princelings.
• And once this point number , with the point number , is realized, it would be much easier for the clique to (B) recover their huge assets hidden overseas that the current US admin or Xi & his Princelings have frozen.
Combining good old bribery with sex, the outcome should support China to re-secure control over the US governors. Once the plan is executed successfully, those governors would desperately need solutions to local economic problems and unemployment.
Lastly, implementing an e-ID system in the US similar to Beijing's Alipay and WeChat could be the cherry on top of the operation's entire outcomes. Who's supporting such a system worldwide? None other than Microsoft and Rockefeller Foundation. ಠ_ಠ
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OLD COMRADE BECOMES A NEW RECRUIT
☞ They were afraid more talents were needed. The main target was the world’s largest economy with the most powerful military capability, after all.
They ended up asking Mr. Fridman to see Lord Putin about that. The old Vova was going through a lot nowadays, people said. It could be because his nation's energy business to Europe seems to be hitting wall after wall. He is said to have enough on his plate with no end in sight, so maybe he'll join.
★ Monday, Jan 15, 2018 ★
"(pours a drink for himself) I know, but. ... What would happen if Bashar falls? How long you think you can keep it up? .... Erdogan is many things (sniggers) but he's never gentle. (sips his drink slowly) When Benji's EastMed Pipeline starts to actively compete, then what? They got the China money now. .... Vagit and his buddies will be very unhappy. You know that. Not great, Vova."
"...."
"Ah, you mean what are we going to do? Hm? Hm. I'll tell you what we're going to do. This time, we're going to bankrupt the US shale gas sector. Then, of course, we can maybe convince Benji to take their time with the pipeline. Perhaps for good. (sips his drink slowly) Don't worry, Vova, It'll work. You worry too much. We'll come out the other side stronger."
"So, how long until they set it off?
"Hahaa, yes. They'll soon put all things in place. While marching in place, they'll play the tune a couple of months before the next sochelnik."
"Nearly 20 months to brace things here, then?"
"(nod slowly in happiness) Hm. Оторви́сь там, оттопы́рься, Vova"
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USEFUL IDIOTS
☞ When the directive came, these idiots answered claiming they would be gladly "on it." All in the name of rejuvenating China's economy without grasping the real objective prevailing throughout the entire operation. Thing is, they would never realize what they are to Team-Z & their Asian overlord until it’s too late.
Who are they? It's A and B, not A or B: (A) the American corporations that are too big to fail and have suffered a considerable loss because of the US-China trade war. Among those corporations, (B) the ones that have been structured with massive interest-profit relationships in/with China.
"We need China in order for the US as a nation to continue being prosper," they've been shouting. No surprise there, because they've enjoyed the strides of extraordinary profits over the years while the US middle class has continued to shrink.
But, in 2019 when China's stock markets nosedived for the first time since 2015 and China's authorities in financial stability & resiliency fumbled their response; it wiped that smile off their face. Still, they'll keep behaving not to offend their Asian overlord, nonetheless.
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PERFECT PLAN
☞ Many crucial components had to come into play all at once in order to cause World War I. If one of the components were missing or different, it is unlikely that the World War I as we know of could be produced.
The US in 2019: Overbought bubbles + Over borrowed corporations
The US in 2020: It's an Election Year.
Russia has been dumping US Treasuries for the past few years.
Russia has been hoarding golds as if they were recreating Inca Empire.
China in 2019: Immense & long term financial troubles has started to surface.
China in 2020: The phase-one deal has been signed; leaving most of tariffs on China intact and adding another $200 Billion burden for China.
Team-Z sets up a situation in the US where some event(s) would freeze the US supply chains & demand for the next three to ten months.
• Just like the 9/11, the event will be initiated at the clique's own region. However, unlike in China, the US will report multiple epicentres simultaneously.
• And the CDC and the US medical task force will carry on with a number of sabotage acts, to secure enough time for the infected yet untested in those US epicentres to spread plenty. [1] [2] [3]
• Here's a feasible timeline of the operation.
Then, the BOOM: Team-Z (a) manipulates the markets to make sure MM will have liquidity concerns (b) when they need it most. The (c) bottomed out oil price will be an enforcement, which will also wreck the US energy sector as a kicker. The (d) WHO will also join as a disinformation campaign office.
• Then a couple of big name investment managers will lead a movement that (will try to) bring back foreign money back to China. [1] [2]
• Meanwhile, in US, the disinformation campaign will continue to be pushed until the second wave of attack arrives.
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MEASURABLE SHORT-TERM OUTCOME
☞ We're now going through World War III. The global structure laid down by World War II had been shaken by globalization and the rise of China. This pandemic event will shock the structure further. Human history will be divided into Before 2021 and After 2021.
① Outcome pt. 1: Immediate Aftermath [pt.1] [pt.2]
② Outcome pt. 2: The US economy goes deep dive along with world economy, and the only thing Team-Z has to do is to exploit the aftermath which has been thoroughly calculated and eagerly anticipated. — Favoured assessment: There won't be a V curve ever, unless drastic measures taken within the timeframe of four months. Unprecedented market crash, the rapid unemployment acceleration because of the supply-chain shut down, and the near-death security which in turn forces consumer confidence to plummet. We're looking at a super long L shape curve unless the US prepares fast for the second wave of their asymmetric warfare.
③ Outcome pt. 3: Arguably the most important outcome. — Because of the unprecedented shutdown of international trade, the nations heavily rely on exporting natural resources will face the extreme financial threats. What if some of those are emerging markets AND massively in debt to China? What do you think China would do to said nations while the aftermath is hitting the globe hard? [PDF] Something comparable to Latin American Debt Crisis will happen.
④ Outcome pt. 4: Not that significant compared to the others but still notable outcome. — The world will need Shanghai clique's help to get medical products and equipments.
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WHAT'S NEXT?
☞ Several analysts have discussed off the record that next it'd be a proxy warfare not using armed conflicts but with spreading a galaxy of counterfeit-currency across every possible channels.
Coincidently, on Dec 13, 2017, Business Insider reported in an article "A $100 counterfeit 'supernote' found in South Korea could have been made in North Korea" that:
"It was the first of a new kind of supernote ever found in the world," Lee Ho-Joong, head of KEB Hana Bank's anti-counterfeit centre told Agence France-Presse.
Reporting the same news, The Telegraph published an article on Dec 11, 2017:
"It seems that whoever printed these supernotes has the facilities and high level of technology matching that of a government", said Lee Ho-jung, a bank spokesman from KEB Hana Bank in South Korea. "They are made with special ink that changes colour depending on the angle, patterned paper and Intaglio printing that gives texture to the surface of a note".
ಠ_ಠ
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Tale of How Shanghai clique and Globalists Got Together
Wuhan Institute of Virology, Wuhan City, & Shanghai Clique
Feasible Timeline of the COVID-19 Operation
Immediate Aftermath — pt.1.b
Immediate Aftermath — pt.2.a
Remdesivir, Gilead Sciences, Its Shareholders, & Silly Concern
Cases Displaying the Recent Climate of Chinese Economy
Compliance Report by the US State Department on China regarding Biological Weapons Convention — Click "2019 August Unclassified Compliance Report" and see p45.
Jiang Zemin's son & Medical Science Industry in China
What is Guanxi (關係)?
Israeli IT Companies & China
Opinion article "Cancel All Debt to China"
Fun Trivia about Bush Family and China
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submitted by vanillabluesea to conspiracy [link] [comments]

Trump Didn’t Kill the Global Trade System. He Split It in Two.

This article is taken from the Wall Street Journal written about nine months ago and sits behind a a paywall, so I decided to copy and paste it here. This article explains Trump's policies toward global trade and what has actually happened so far. I think the article does a decent job of explaining the Trade War. While alot has happenedsince the article was written, I still think its relevant.
However, what is lacking in the article, like many articles on the trade war, is it doesn't really explain the history of US trade policy, the laws that the US administration is using to place tariffs on China and the official justification for the US President in enacting tariffs against China. In my analysis I will cover those points.

SUMMARY

When Trump entered the White House people feared he would dismantle the global system the US and its allies had built over the last 75 years, but he hasn't. He has realign into two systems. One between the US and its allies which looks similar to the one built since the 1980s with a few of quota and tariffs. As the article points out
Today, Korus and Nafta have been replaced by updated agreements(one not yet ratified) that look much like the originals. South Korea accepted quotas on steel. Mexico and Canada agreed to higher wages, North American content requirements and quotas for autos. Furthermore, the article points out Douglas Irwin, an economist and trade historian at Dartmouth College, calls these results the “status quo with Trumpian tweaks: a little more managed trade sprinkled about for favored industries. It’s not good, but it’s not the destruction of the system.” Mr. Trump’s actions so far affect only 12% of U.S. imports, according to Chad Bown of the Peterson Institute for International Economics. In 1984, 21% of imports were covered by similar restraints, many imposed by Mr. Reagan, such as on cars, steel, motorcycles and clothing. Protectionist instincts go so far in the US, there are strong lobby groups for both protectionist and freetrade in the US.
The second reflects a emerging rivalry between the US and China. Undo some of the integration that followed China accession to the WTO. Two questions 1) How far is the US willing to decouple with China 2) Can it persuade allies to join.
The second is going to be difficult because China's economic ties are greater than they were between the Soviets, and China isn't waging an ideological struggle. Trump lacks Reagan commitment to alliance and free trade. The status quo with China is crumbling Dan Sullivan, a Republican senator from Alaska, personifies these broader forces reshaping the U.S. approach to the world. When Mr. Xi visited the U.S. in 2015, Mr. Sullivan urged his colleagues to pay more attention to China’s rise. On the Senate floor, he quoted the political scientist Graham Allison: “War between the U.S. and China is more likely than recognized at the moment.” Last spring, Mr. Sullivan went to China and met officials including Vice President Wang Qishan. They seemed to think tensions with the U.S. will fade after Mr. Trump leaves the scene, Mr. Sullivan recalled. “I just said, ‘You are completely misreading this.’” The mistrust, he told them, is bipartisan, and will outlast Mr. Trump. both Bush II and Obama tried to change dialogue and engagement, but by the end of his term, Obama was questioning the approach. Trump has declared engagement. “We don’t like it when our allies steal our ideas either, but it’s a much less dangerous situation,” said Derek Scissors, a China expert at the American Enterprise Institute whose views align with the administration’s more hawkish officials. “We’re not worried about the war-fighting capability of Japan and Korea because they’re our friends.”
The article also points out unlike George Kennan in 1946 who made a case for containing the Soviet Union, the US hasn't explicitly made a case for containing the Soviets, Trump's administration hasn't, because as the the article explains its divided Michael Pillsbury a Hudson Institute scholar close to the Trump team, see 3 scenarios
Pillsbury thinks the third is most likely to happen, even though the administration hasn't said that it has adopted that policy. The US is stepping efforts to draw in other trading partners. The US, EU and Japan have launched a WTO effort to crack down on domestic subsidies and technology transfers requirement. US and Domestic concerns with prompted some countries to restrict Huawei. The US is also seeking to walloff China from other trade deals. However, there are risk with this strategy

ARTICLE

Trump Didn’t Kill the Global Trade System. He Split It in Two.

INTRODUCTION

My main criticism of this article is it tries like the vast majority of articles to fit US trade actions in the larger context of US geopolitical strategy. Even the author isn't certain "The first goes to the heart of Mr. Trump’s goal. If his aim is to hold back China’s advance, economists predict he will fail.". If you try to treat the trade "war" and US geopolitical strategy toward China as one, you will find yourself quickly frustrated and confused. If you treat them separately with their different set of stakeholders and histories, were they intersect with regards to China, but diverge. During the Cold War, trade policy toward the Soviet Union and Eastern Bloc was subordinated to geopolitical concerns. For Trump, the trade issues are more important than geopolitical strategy. His protectionist trade rhetoric has been fairly consistent since 1980s. In his administration, the top cabinet members holding economic portfolios, those of Commerce, Treasury and US Trade Representative are the same people he picked when he first took office. The Director of the Economic Council has changed hands once, its role isn't as important as the National Security Advisor. While State, Defense, CIA, Homeland Security, UN Ambassador, National Security Advisor have changed hands at least once. Only the Director of National Intelligence hasn't changed.
International Trade makes up 1/4 of the US economy, and like national security its primarily the responsibility of the Federal government. States in the US don't implement their own tariffs. If you add the impact of Treasury policy and how it relates to capital flows in and out of the US, the amounts easily exceed the size of the US economy. Furthermore, because of US Dollar role as the reserve currency and US control of over global system the impact of Treasury are global. Trade policy and investment flows runs through two federal departments Commerce and Treasury and for trade also USTR. Defense spending makes up 3.3% of GDP, and if you add in related homeland security its at most 4%. Why would anyone assume that these two realms be integrated let alone trade policy subordinate to whims of a national security bureaucracy in most instances? With North Korea or Iran, trade and investment subordinate themselves to national security, because to Treasury and Commerce bureaucrats and their affiliated interest groups, Iran and the DPRK are well, economic midgets, but China is a different matter.
The analysis will be divided into four sections. The first will be to provide a brief overview of US trade policy since 1914. The second section will discuss why the US is going after China on trade issues, and why the US has resorted using a bilateral approach as opposed to going through the WTO. The third section we will talk about how relations with China is hashed out in the US.
The reason why I submitted this article, because there aren't many post trying to explain US-China Trade War from a trade perspective. Here is a post titled "What is the Reasons for America's Trade War with China, and not one person mentioned Article 301 or China's WTO Commitments. You get numerous post saying that Huawei is at heart of the trade war. Its fine, but if you don't know what was inside the USTR Investigative report that lead to the tariffs. its like skipping dinner and only having dessert When the US President, Donald J Trump, says he wants to negotiate a better trade deal with other countries, and has been going on about for the last 35 years, longer than many of you have been alive, why do people think that the key issues with China aren't primarily about trade at the moment.

OVERVIEW OF THE UNITED STATES TRADE ORIENTATION

Before 1940s, the US could be categorized as a free market protectionist economy. For many this may seem like oxymoron, how can an economy be free market and protectionist? In 1913, government spending made up about 7.5% of US GDP, in the UK it was 13%, and for Germany 18% (Public Spending in the 20th Century A Global Perspective: Ludger Schuknecht and Vito Tanzi - 2000). UK had virtual zero tariffs, while for manufactured goods in France it was 20%, 13% Germany, 9% Belgium and 4% Netherlands. For raw materials and agricultural products, it was almost zero. In contrast, for the likes of United States, Russia and Japan it was 44%, 84% and 30% respectively. Even though in 1900 United States was an economic powerhouse along with Germany, manufactured exports only made up 30% of exports, and the US government saw tariffs as exclusively a domestic policy matter and didn't see tariffs as something to be negotiated with other nations. The US didn't have the large constituency to push the government for lower tariffs abroad for their exports like in Britain in the 1830-40s (Reluctant Partners: A History of Multilateral Trade Cooperation, 1850-2000).
The Underwood Tariffs Act of 1913 which legislated the income tax, dropped the tariffs to 1850 levels levels.Until 16th amendment was ratified in 1913 making income tax legal, all US federal revenue came from excise and tariffs. In contrast before 1914, about 50% of UK revenue came from income taxes. The reason for US reluctance to introduced income tax was ideological and the United State's relative weak government compared to those in Europe. After the First World War, the US introduced the Emergency Tariff Act of 1921, than the Fordney–McCumber Tariff of 1922 followed by a Smoot-Hawley Act of 1930. Contrary to popular opinion, the Smoot-Hawley Act of 1930 had a small negative impact on the economy, since imports and exports played a small part of the US economy, and the tariffs were lower than the average that existed from 1850-1914.
Immediately after the Second World War, when the US economy was the only industrialized economy left standing, the economic focus was on rehabilitation and monetary stability. There was no grandiose and ideological design. Bretton Woods system linked the US dollar to gold to create monetary stability, and to avoid competitive devaluation and tariffs that plagued the world economy after Britain took itself off the gold in 1931. The US$ was the natural choice, because in 1944 2/3 of the world's gold was in the US. One reason why the Marshall Plan was created was to alleviate the chronic deficits Europeans countries had with the US between 1945-50. It was to rebuild their economies so they could start exports good to the US. Even before it was full implemented in 1959, it was already facing problems, the trade surpluses that the US was running in the 1940s, turned to deficits as European and Japanese economies recovered. By 1959, Federal Reserves foreign liabilities had already exceeded its gold reserves. There were fears of a run on the US gold supply and arbitrage. A secondary policy of the Bretton woods system was curbs on capital outflows to reduce speculation on currency pegs, and this had a negative impact on foreign investment until it was abandoned in 1971. It wasn't until the 1980s, where foreign investment recovered to levels prior to 1914. Factoring out the big spike in global oil prices as a result of the OPEC cartel, it most likely wasn't until the mid-1990s that exports as a % of GDP had reached 1914 levels.
Until the 1980s, the US record regarding free trade and markets was mediocre. The impetus to remove trade barriers in Europe after the Second World War was driven by the Europeans themselves. The EEC already had a custom union in 1968, Canada and the US have yet to even discuss implementing one. Even with Canada it took the US over 50 years to get a Free Trade Agreement. NAFTA was inspired by the success of the EEC. NAFTA was very much an elite driven project. If the Americans put the NAFTA to a referendum like the British did with the EEC in the seventies, it most likely wouldn't pass. People often look at segregation in the US South as a political issue, but it was economic issue as well. How could the US preach free trade, when it didn't have free trade in its own country. Segregation was a internal non-tariff barrier. In the first election after the end of the Cold War in 1992, Ross Perot' based most of independent run for the Presidency on opposition to NAFTA. He won 19% of the vote. Like Ross Perot before him, Donald Trump is not the exception in how America has handled tariffs since the founding of the Republic, but more the norm.
The embrace of free trade by the business and political elite can be attributed to two events. After the end of Bretton Woods in 1971, a strong vested interest in the US in the form of multinationals and Wall Street emerged advocating for removal of tariffs and more importantly the removal of restrictions on free flow of capital, whether direct foreign investment in portfolio investment. However, the political class embrace of free trade and capital only really took off after the collapse of the Soviet Union propelled by Cold War triumphalism.
As mentioned by the article, the US is reverting back to a pre-WTO relations with China. As Robert Lighthizer said in speech in 2000
I guess my prescription, really, is to move back to more of a negotiating kind of a settlement. Return to WTO and what it really was meant to be. Something where you have somebody make a decision but have it not be binding.
The US is using financial and legal instruments developed during the Cold War like its extradition treaties (with Canada and Europe), and Section 301. Here is a very good recent article about enforcement commitment that China will make.‘Painful’ enforcement ahead for China if trade war deal is reached with US insisting on unilateral terms
NOTE: It is very difficult to talk about US-China trade war without a basic knowledge of global economic history since 1914. What a lot of people do is politicize or subordinate the economic history to the political. Some commentators think US power was just handed to them after the Second World War, when the US was the only industrialized economy left standing. The dominant position of the US was temporary and in reality its like having 10 tonnes of Gold sitting in your house, it doesn't automatically translate to influence. The US from 1945-1989 was slowly and gradually build her influence in the non-Communist world. For example, US influence in Canada in the 1960s wasn't as strong as it is now. Only 50% of Canadian exports went to the US in 1960s vs 80% at the present moment.

BASIS OF THE US TRADE DISCUSSION WITH CHINA

According to preliminary agreement between China and the US based on unnamed sources in the Wall Street Journal article US, China close in on Trade Deal. In this article it divides the deal in two sections. The first aspects have largely to do with deficits and is political.
As part of a deal, China is pledging to help level the playing field, including speeding up the timetable for removing foreign-ownership limitations on car ventures and reducing tariffs on imported vehicles to below the current auto tariff of 15%. Beijing would also step up purchases of U.S. goods—a tactic designed to appeal to President Trump, who campaigned on closing the bilateral trade deficit with China. One of the sweeteners would be an $18 billion natural-gas purchase from Cheniere Energy Inc., people familiar with the transaction said.
The second part will involve the following.
  1. Commitment Regarding Industrial Policy
  2. Provisions to protect IP
  3. Mechanism which complaints by US companies can be addressed
  4. Bilateral meetings adjudicate disputes. If talks don't produce agreement than US can raise tariffs unilaterally
This grouping of conditions is similar to the points filled under the 301 investigation which serve the basis for initiating the tariffs. I have been reading some sources that say this discussion on this second group of broader issues could only be finalized later
The official justifications for placing the tariffs on Chinese goods is found under the March 2018 investigation submitted by the office of the President to Congress titled FINDINGS OF THE INVESTIGATION INTO CHINA’S ACTS, POLICIES, AND PRACTICES RELATED TO TECHNOLOGY TRANSFER, INTELLECTUAL PROPERTY, AND INNOVATION UNDER SECTION 301 OF THE TRADE ACT OF 1974. From this investigation the United States Trade Representative (USTR) place US Tariffs on Chinese goods as per Section 301 of the Trade Act of 1974. Here is a press release by the USTR listing the reasons for placing tariffs, and the key section from the press release. Specifically, the Section 301 investigation revealed:
In the bigger context of trade relations between US and China, China is not honoring its WTO commitments, and the USTR issued its yearly report to Congress in early February about the status of China compliance with its WTO commitments. The points that served as a basis for applying Section 301, also deviate from her commitments as Clinton's Trade Representative Charlene Barshefsky paving the way for a trade war. Barshefsky argues that China's back sliding was happening as early as 2006-07, and believes the trade war could have been avoided has those commitments been enforced by previous administrations.
I will provide a brief overview of WTO membership and China's process of getting into the WTO.
WTO members can be divided into two groups, first are countries that joined in 1995-97, and were members of GATT, than there are the second group that joined after 1997. China joined in 2001. There is an argument that when China joined in 2001, she faced more stringent conditions than other developing countries that joined before, because the vast majority of developing countries were members of GATT, and were admitted to the WTO based on that previous membership in GATT. Here is Brookings Institute article published in 2001 titled "Issues in China’s WTO Accession"
This question is all the more puzzling because the scope and depth of demands placed on entrants into the formal international trading system have increased substantially since the formal conclusion of the Uruguay Round of trade negotiations in 1994, which expanded the agenda considerably by covering many services, agriculture, intellectual property, and certain aspects of foreign direct investment. Since 1994, the international community has added agreements covering information technology, basic telecommunications services, and financial services. WTO membership now entails liberalization of a much broader range of domestic economic activity, including areas that traditionally have been regarded by most countries as among the most sensitive, than was required of countries entering the WTO’s predecessor organization the GATT.
The terms of China’s protocol of accession to the World Trade Organization reflect the developments just described and more. China’s market access commitments are much more far-reaching than those that governed the accession of countries only a decade ago. And, as a condition for membership, China was required to make protocol commitments that substantially exceed those made by any other member of the World Trade Organization, including those that have joined since 1995. The broader and deeper commitments China has made inevitably will entail substantial short-term economic costs.
What are the WTO commitments Barshefsky goes on about? When countries join the WTO, particularly those countries that weren't members of GATT and joined after 1997, they have to work toward fulfilling certain commitments. There are 4 key documents when countries make an accession to WTO membership, the working party report, the accession protocol paper, the goods schedule and service schedule.
In the working party report as part of the conclusion which specifies the commitment of each member country what they will do in areas that aren't compliant with WTO regulations on the date they joined. The problem there is no good enforcement mechanism for other members to force China to comply with these commitments. And WTO punishments are weak.
Here is the commitment paragraph for China
"The Working Party took note of the explanations and statements of China concerning its foreign trade regime, as reflected in this Report. The Working Party took note of the commitments given by China in relation to certain specific matters which are reproduced in paragraphs 18-19, 22-23, 35-36, 40, 42, 46-47, 49, 60, 62, 64, 68, 70, 73, 75, 78-79, 83-84, 86, 91-93, 96, 100-103, 107, 111, 115-117, 119-120, 122-123, 126-132, 136, 138, 140, 143, 145, 146, 148, 152, 154, 157, 162, 165, 167-168, 170-174, 177-178, 180, 182, 184-185, 187, 190-197, 199-200, 203-207, 210, 212-213, 215, 217, 222-223, 225, 227-228, 231-235, 238, 240-242, 252, 256, 259, 263, 265, 270, 275, 284, 286, 288, 291, 292, 296, 299, 302, 304-305, 307-310, 312-318, 320, 322, 331-334, 336, 339 and 341 of this Report and noted that these commitments are incorporated in paragraph 1.2 of the Draft Protocol. "
This is a tool by the WTO that list all the WTO commitment of each country in the working paper. In the goods and service schedule they have commitments for particular sectors. Here is the a press release by the WTO in September 2001, after successfully concluding talks for accession, and brief summary of key areas in which China hasn't fulfilled her commitments. Most of the commitments made by China were made to address its legacy as a non-market economy and involvement of state owned enterprises. In my opinion, I think the US government and investors grew increasingly frustrated with China, after 2007 not just because of China's back sliding, but relative to other countries who joined after 1997 like Vietnam, another non-market Leninist dictatorship. When comparing China's commitments to the WTO its best to compare her progress with those that joined after 1997, which were mostly ex-Soviet Republics.
NOTE: The Chinese media have for two decades compared any time the US has talked about China's currency manipulation or any other issue as a pretext for imposing tariffs on China to the Plaza Accords. I am very sure people will raise it here. My criticism of this view is fourfold. First, the US targeted not just Japan, but France, Britain and the UK as well. Secondly, the causes of the Japan lost decade were due largely to internal factors. Thirdly, Japan, UK, Britain and France in the 1980s, the Yuan isn't undervalued today. Lastly, in the USTR investigation, its China's practices that are the concern, not so much the trade deficit.

REASONS FOR TRUMPS UNILATERAL APPROACH

I feel that people shouldn't dismiss Trump's unilateral approach toward China for several reasons.
  1. The multilateral approach won't work in many issues such as the trade deficit, commercial espionage and intellectual property, because US and her allies have different interest with regard to these issues. Germany and Japan and trade surpluses with China, while the US runs a deficit. In order to reach a consensus means the West has to compromise among themselves, and the end result if the type of toothless resolutions you commonly find in ASEAN regarding the SCS. Does America want to "compromise" its interest to appease a politician like Justin Trudeau? Not to mention opposition from domestic interest. TPP was opposed by both Clinton and Trump during the election.
  2. You can't launch a geopolitical front against China using a newly formed trade block like the TPP. Some of the existing TPP members are in economic groups with China, like Malaysia and Australia.
  3. China has joined a multitude of international bodies, and at least in trade, these bodies haven't changed its behavior.
  4. Dealing with China, its a no win situation whether you use a tough multilateral / unilateral approach. If the US endorse a tough unilateral approach gives the impression that the US is acting like the British during the Opium War. If you take a concerted Western approach you are accused of acting like the 8 Powers Alliance in 1900.
  5. Trump was elected to deal with China which he and his supporters believe was responsible for the loss of millions manufacturing jobs when China joined the WTO in 2001. It is estimate the US lost 6 Million jobs, about 1/4 of US manufacturing Jobs. This has been subsequently advanced by some economists. The ball got rolling when Bill Clinton decided to grant China Most Favored Nation status in 1999, just a decade after Tiananmen.
  6. China hasn't dealt with issues like IP protection, market access, subsidies to state own companies and state funded industrial spying.
To his credit, Trump has said his aim was not to overthrow authoritarian governments, and that even applies to the likes of Iran. The Arab spring scared Russia and China, because the US for a brief moment placed the spread of democracy over its security interest.

UNDERSTANDING HOW THE US MAKES DECISIONS REGARDING CHINA

At this moment, China or the trade war isn't an area of great concern for the American public, among international issues it ranks lower than international terrorism, North Korea and Iran's nuclear program.
According to the survey, 39 percent of the country views China’s growing power as a “critical threat” to Americans. That ranked it only eighth among 12 potential threats listed and placed China well behind the perceived threats from international terrorism (66 percent), North Korea’s nuclear program (59 percent) and Iran’s nuclear program (52 percent). It’s also considerably lower than when the same question was asked during the 1990s, when more than half of those polled listed China as a critical threat. That broadly tracks with a recent poll from the Pew Research Center that found concern about U.S.-China economic issues had decreased since 2012.
In looking at how US conducts relations foreign policy with China, we should look at it from the three areas of most concern - economic, national security and ideology. Each sphere has their interest groups, and sometimes groups can occupy two spheres at once. Security experts are concerned with some aspects of China's economic actions like IP theft and industrial policy (China 2025), because they are related to security. In these sphere there are your hawks and dove. And each sphere is dominated by certain interest groups. That is why US policy toward China can often appear contradictory. You have Trump want to reduce the trade deficit, but security experts advocating for restrictions on dual use technology who are buttressed by people who want export restrictions on China, as a way of getting market access.
Right now the economic concerns are most dominant, and the hawks seem to dominate. The economic hawks traditionally have been domestic manufacturing companies and economic nationalist. In reality the hawks aren't dominant, but the groups like US Companies with large investment in China and Wall Street are no longer defending China, and some have turned hawkish against China. These US companies are the main conduit in which China's lobby Congress, since China only spends 50% of what Taiwan spends lobbying Congress.
THE ANGLO SAXON WORLD AND CHINA
I don't think many Chinese even those that speak English, have a good understanding Anglo-Saxon society mindset. Anglo Saxons countries, whether US, UK, Canada, Australia, New Zealand and Ireland are commerce driven society governed by sanctity of contracts. The English great philosophical contributions to Western philosophy have primarily to do with economics and politics like Adam Smith, John Locke, David Hume and Thomas Hobbes. This contrast with the French and Germans. Politics in the UK and to a lesser extent the US, is centered around economics, while in Mainland Europe its religion. When the Americans revolted against the British Empire in 1776, the initial source of the grievances were taxes.
Outside of East Asia, the rest of the World's relationship with China was largely commercial, and for United States, being an Anglosaxon country, even more so. In Southeast Asia, Chinese aren't known for high culture, but for trade and commerce. Outside Vietnam, most of Chinese loans words in Southeast Asian languages involve either food or money. The influence is akin to Yiddish in English.
Some people point to the Mao and Nixon meeting as great strategic breakthrough and symbol of what great power politics should look like. The reality is that the Mao-Nixon meeting was an anomaly in the long history of relations with China and the West. Much of China-Western relations over the last 500 years was conducted by multitudes of nameless Chinese and Western traders. The period from 1949-1979 was the only period were strategic concerns triumphed trade, because China had little to offer except instability and revolution. Even in this period, China's attempt to spread revolution in Southeast Asia was a threat to Western investments and corporate interest in the region. During the nadir of both the Qing Dynasty and Republican period, China was still engaged in its traditional commercial role. Throughout much of history of their relations with China, the goals of Britain and the United States were primarily economic,
IMAGINE JUST 10% OF CHINA BOUGHT MY PRODUCT
From the beginning, the allure of China to Western businesses and traders has been its sheer size I. One of the points that the USTR mentions is lack of market access for US companies operating in China, while Chinese companies face much less restrictions operating in the US.
This is supported by remarks by Henry Paulson and Charlene Barshefsky. As Paulson remarked
Trade with China has hurt some American workers. And they have expressed their grievances at the ballot box.
So while many attribute this shift to the Trump Administration, I do not. What we are now seeing will likely endure for some time within the American policy establishment. China is viewed—by a growing consensus—not just as a strategic challenge to the United States but as a country whose rise has come at America’s expense. In this environment, it would be helpful if the US-China relationship had more advocates. That it does not reflects another failure:
In large part because China has been slow to open its economy since it joined the WTO, the American business community has turned from advocate to skeptic and even opponent of past US policies toward China. American business doesn’t want a tariff war but it does want a more aggressive approach from our government. How can it be that those who know China best, work there, do business there, make money there, and have advocated for productive relations in the past, are among those now arguing for more confrontation? The answer lies in the story of stalled competition policy, and the slow pace of opening, over nearly two decades. This has discouraged and fragmented the American business community. And it has reinforced the negative attitudinal shift among our political and expert classes. In short, even though many American businesses continue to prosper in China, a growing number of firms have given up hope that the playing field will ever be level. Some have accepted the Faustian bargain of maximizing today’s earnings per share while operating under restrictions that jeopardize their future competitiveness. But that doesn’t mean they’re happy about it. Nor does it mean they aren’t acutely aware of the risks — or thinking harder than ever before about how to diversify their risks away from, and beyond, China.
What is interesting about Paulson's speech is he spend only one sentence about displaced US workers, and a whole paragraph about US business operating in China. While Kissinger writes books about China, how much does he contribute to both Democrats and the Republicans during the election cycle? China is increasingly makING it more difficult for US companies operating and those exporting products to China.

CONTINUED

submitted by weilim to IntlScholars [link] [comments]

r/Daytrading - Select your new user flair! Also start using post flairs!

Going off my last post: Please select your new user flair. There's still an opportunity to suggest new flairs if you feel the available flairs don't describe what kind of day trader you are. Same goes for post flairs.
The post flairs are:
user assignable flairs:
mod only assignable flairs:
I will have automod assign post flairs based on keywords at a later time, for example, someone says "any crude futures traders here?" then the post will be auto assigned the flair "futures," but the user can change it afterwards if they want.
Ok thanks day traders for all the feedback in the last post!

update I just added flair search on the redesign:

https://i.redd.it/odeh6xxpxfd31.png
update2 I did start the automod for post flairs, but it's not as clear cut for each flair, but if someone would like to suggest some patterns for specific post flairs, let me know:
title (regex): ["futures", "Treasuries", "Treasury", "ZT", "ZF", "ZN", "crude", "brent", "wti", "Natural gas", "Nat ?gas", LNG", "ES", "NQ", "YM", "indices", "B6H", "D6H", "J6H", "E6H", "A6H", "M6H", "M6H", "M6E"] set_flair: ["futures"] 
title (regex): ["stocks", "pattern day trading rules?"] set_flair: ["stocks"] 
title (regex): ["calls", "puts", "iron condor", "vertical spreads?"] set_flair: ["options"] 
title (regex): ["euro", "jpy", "eurusd"] set_flair: ["forex"] 
title (regex): ["bitcoin", "crypto"] set_flair: ["crypto"] 
title (regex): ["technical analysis", "TA", "macd", "moving averages", "bollinger bands", "rsi"] set_flair: ["strategy"] 
title (regex): ["algo", "algorithmic", "programming", "bots", "HFT"] set_flair: ["algo"] 
title (regex): ["my last trade"] set_flair: ["trade review"] 
title (regex): ["if I (buy|short)"] set_flair: ["trade idea"] 
title (regex): ["screenshot"] set_flair: ["trading screens"] 
title (regex): ["battlestation", "monitors?"] set_flair: ["workstations"] 
title: ["question", "help"] set_flair: ["question"] 
submitted by provoko to Daytrading [link] [comments]

Dive Bar Pub Crawl 2018 - Third Six

I'm doing a tribute to the 24 days of Christmas by going over the financial statements of 24 companies that are considered downrange, speculative, and just plain high risk.
The legal cannabis industry already has a ton of risk in it - but this stuff - is only for thrill seekers. All opinions are my own, and certainly not a recommendation for or against any of them, or to buy or sell.
I've limited myself to 45mins to each, and kept to most recent financial statements You'll likely know more about the company than me if you're following them. This is only my reactions with a brief commentary about what I see in their financial statements.
I haven't been consistent in following them all over the past year: some I have, others not.
The second one of this year.....is here
CMM - Canabo Medical Inc.
Scratched! Guess there’s another slot open for a Dive in this year’s Crawl! I did take a run at Aleafia’s financials a few weeks ago though. Their ‘merger’ with Emblem hadn’t yet been announced. Alefia ‘Just Said No’ to cultivation by the looks of it. Best choice for them, at least on the face of it.
ISOL - Isodiol International
Price Then: $11.50 Price Now: $1.71
Well then. International operations do attract cost (their G&A is bracing), as does business dev. Especially in Brazil. When a company with a net book value of $2.7MM costs $36MM (takes me back to Canopy buying 2 money losing greenhouses with a net book value of $6MM for $86MM at the time).
ISOL’s still shopping too. Round Mountain looks like ISOL tossed them a life preserver. One will have to trust mgmt as to quality/fit of underlying assets. I didn’t detail, it’s only a half million, they bought it for what looks like working capital, I assume it saved them from insolvency.
A pretty sweeping and broad horizon is presented by these statements - in a company looking internationally. They’ve got a clean professional presence (I’ve seen them at pretty much every trade show I’ve attended), yet, $12MM in op costs per quarter based on $8MM in sales for same….sheesh.
Margin relatively static as well. That needs to improve, and sales need to triple+ to support ops. They lost $6MM per quarter this year, sales modestly up Q over Q.
IMH - Invictus MD
Price Then: $1.40 Price Now: $0.81
Few things here. While I don’t get the warm and fuzzies from this (what the elves are taking these days apparently does give you that & they swear by it), it looks better than it did last year. I have concerns over sales, margins, and the assets in subs. Wrote one off this year. Only 9 months to find out it’s a mutt? Honestly, this company requires far (far) more time to get a handle on. Will do on website. Needs a full once over to be fair.
MDM - Marapharm Ventures (now: LIHT CANNABIS)
Price Then: $0.92 Price Now: $0.17
Sigh. Another that needs more time. Where is Quadron when you need them?
Nothing stand out - at least in terms of company differentiation or size. Boring. And leveraged. The Full Spectrum thingy hits their financials like landing an 8 ft fish in a 7 ft boat. I’d need to deconstruct that ‘asset’ to get any strong utility out of this. I’d really want to have a handle on it - and management - if I was to go anywhere near this outfit. Doesn’t look unfairly priced. Unless you ask the people who placed at $0.865, $0.70, and $0.50 during the year.
Ugliest thing I see is them issuing shares for $0.38 and $0.04 to retire debts, when the share price was $0.80 and $0.40 respectively. If I was one of those in the private placements, I’d be coming out of my shoes on that (Note 14). Even if it was only $40k. Speaks to quiet desperation at one point.
Whether there’s a viable business in here….tune in next time for another episode of ‘Dive Bar Pub Crawl’. As I see it….this would take far too much time for the level of interest I have in it. Unless Full Spectrum is a home run…..
ATT - Abattis Biocuetical Corp.
Price Then: $0.48 Price Now: $0.08
Man, what a difference a year makes. I’ve largely avoided looking over last years’ Crawl as reference, except to skim for major points. This one remains clear in my memory…it looked like a complete mutt then. Only thing they looked good at was producing press releases. They’re still kicking, as is the rate of news releases/month. They have begun paying a formal IR front end, so maybe this will slow down. Or perhaps speed up. Can’t tell. Ah well, latest fins I can find are somewhat old (Sept release. Amended too :( ). New ones should be due pretty quick.
Gonna stop there. I’ve got a stitch in my side, and a headache. If I ever get my hands on the mug who suggested this one….the elves heads are collectively a ‘bag of cats’, and the little buggers staged a walkout. They’re outside singing Woody Guthrie songs and burning pallets. This totally sucks. As does Abattis’ financials.
They offer low friction on tokens perhaps, but any cash put toward this thing will probably have the friction of a canvas bag re-entering the atmosphere. Poof. My personal choice for ‘Dive Bar of the Year’. Curiously, it’s not an easy title to take.
IN - Inmed Pharmacuetical
Price Then: $1.47 Price Now: $0.37
TGIF - Friday Night Inc.
Price Then: $1.20 Price Now: $0.37
I looked at these guys as recently as July. I also met up with them at MJBizCon in Vegas. I asked for a look at their facility….they never did get back to me. I won a laptop bag and some nice swag at the booth on a business card ‘draw’, it didn’t help getting a tour tho. I really wanted to see it…the financials got me curious in last year’s Crawl, and I strongly get the sense I’m missing something of note in them. Seems an incomplete story tbh. Maybe just some mild indigestion.
And….for a region notorious for $70 eights in top shelf, I was also curious why they were recording sub $5 revenue on grams. Got the annuals now….
There’s a reason price softening is lower in this one compared to others - at least they are in production & they have a product suite (at least in their booth at MJBizCon). No retail frontage (?) would explain the shitty sales price. I have somewhat of a soft spot for Canadian business, and I’d hope that relatively early movers would be seeing this start to ramp.
As my trip to the US revealed - the US is a hyper-competitive compartmentalized environment. I do believe vertical integration is requisite for a company with this breadth and spend.
Gonna sit in on the next call on these guys, and try and get a (the) story. Looks like false starts in build out, and challenges ramping. Sales are growing. They don’t look to be peddling a ’take me out’ story or stance…but….I have blind spots on this one.
Because of Abattis, the elves are now wearing balaclavas and carrying home-made gas masks. Told me they are going for a stroll. I gave the RCMP a heads up. Gotta keep up good community relations and all.
submitted by mollytime to TheCannalysts [link] [comments]

Major Currency Pairs and their Unique Characteristics (DOLLAR)

While most of the forex traders I know tend to rely more on technical analysis than anything else, they sometimes overlook some patterns and behaviors that should be taken into account. I, by no means, am immune of committing mistakes of the same nature, so I wrote down a few guidelines to always watch out for and am constantly trying to internalize these to my maximum.

The reason I'm making this post is simple:

1- I'd love to hear feedback from our more experienced traders;
2- If the discussion proves itself to be useful and fruitful, it could be a guide to our newcomers.

Mind you: almost all of these notes were taken from a plethora of books I have read during my "formation", so if you find them familiar to any books you've read, it's not by coincidence. That said, I believe I'm making fair use of their content and wish not to incur in any copyrights infringement whatsoever.

The US Dollar:


Monetary Policy Authority: The Federal Reserve Bank of the United States of America (FED), through the Federal Open Market Committee (FOMC);
Publications: Monetary Policy Report, containing the FOMC for GDP growth, inflation and unemployment.

Characteristics:

- Over 90% of all currency deals involve the US dollar;
- The US dollar moves in opposite direction from gold prices;
- Many emerging market countries peg their local currencies to the dollar;
- Interest rate differentials between US Treasuries and foreign bonds are strongly followed;
- Mind the Dollar Index, because some central bankers may choose to focus on the trade-weighted index instead of the individual currency pair’s performance against the dollar, even though the dollar may have moved significantly against one single currency.
- U.S. currency trading is impacted by stock and bond markets.

Important Economic Indicators for the United States of America:

- Employment - Nonfarm Payrolls;
- Consumer Price Index;
- Producer Price Index;
- Gross Domestic Product;
- International Trade;
- Employment Cost Index;
- Industrial Production;
- Consumer Confidence;
- Retail Sales;
- Treasury International Capital Flow Data

Link to them here.

Alright. Actually got tired of typing. If this attracts enough attention, I'll keep adding up.
submitted by DaimaohDeluxe to Forex [link] [comments]

Daily Trading Thread - Monday 2.12.18

Hi everyone! Thanks for joining. This sub is for active traders of crypto and stocks, those looking to make a fat YUGE profit. While all are welcome, we are more geared for traders with a serious mindset. Post your ideas for today here.
Follow us on StockTwits and chat live on our Discord: trader chat.
Wiki: resources
FINVIZ HEATMAP - FINVIZ FUTURES - FOREX - NEWS FEED
FEB 12th MON Fear & Greed Index
Economic Calendar: Results & More
Time Release For Actual Expected Prior
2:00:00 PM Treasury Budget Jan - $51.0B $51.0B
Ex-Dividend: Calendar
CHFN Charter Financia Rg $0.08 1.40% 02/12/2018
CLCT Collectors Unive Rg $0.18 7.93% 02/12/2018
HCN Welltower Rg $0.87 6.81% 02/12/2018
INVH Invitation Homs - Registered $0.11 0.67% 02/12/2018
KMT Kennametal Inc Rg $0.20 1.88% 02/12/2018
MCBC Macatawa Bank Rg $0.06 0.00% 02/12/2018
NBN Northeast Bancor Rg $0.01 0.18% 02/12/2018
NYCB NY Commty Bancor Rg $0.17 5.00% 02/12/2018
PCAR Paccar Rg $0.25 3.24% 02/12/2018
SCCO Southern Copper Rg $0.30 1.27% 02/12/2018
VLO Valero Energy Rg $0.80 3.17% 02/12/2018
VSM Versum Materials Rg $0.05 0.62% 02/12/2018
WBS Webster Financia Rg $0.26 1.95% 02/12/2018
Earnings Reports: Morningstar Earnings Calendar & Results
Company Release Est. EPS Company Release Est. EPS
Acorda Therapeutics (ACOR) Morning 1.00 HubSpot (HUBS) Afternoon 0.06
Agilent Technologies (A) Afternoon 0.60 Insperity (NSP) Morning 0.92
Alexander's (ALX) N/A N/A IntriCon (IIN) Afternoon 0.06
ALJ Regional (ALJJ) N/A N/A InVitae (NVTA) Afternoon -0.55
American Assets Trust (AAT) Afternoon 0.17 Invuity (IVTY) Afternoon -0.50
Amkor Technology (AMKR) Afternoon 0.19 Jamba (JMBA) Morning -0.14
Aqua Metals (AQMS) Afternoon -0.26 KNOT Offshore Partners (KNOP) Morning 0.60
Arch Capital Group (ACGL) Afternoon 1.39 LendingClub (LC) Afternoon 0.03
Beasley Broadcast Group (BBGI) Morning N/A Lincoln Electric (LECO) Morning 0.97
Bioanalytical Systems (BASI) Morning N/A Loews (L) Morning 0.71
Blackstone Mortgage Trust (BXMT) Afternoon 0.64 Luminex (LMNX) Afternoon 0.13
Boardwalk Pipeline Partners (BWP) Morning 0.40 Luxoft (LXFT) Afternoon 0.84
Boyd Gaming (BYD) Afternoon 0.26 Martin Marietta Materials (MLM) Morning N/A
Brixmor Property Group (BRX) Afternoon 0.19 Mimecast (MIME) Afternoon -0.04
Brookdale Senior Living (BKD) Afternoon -0.25 Molina Healthcare (MOH) Afternoon 0.22
Brookfield Business Partners L.P. Limited Partnership Units (BBU) Morning N/A National Retail Properties (NNN) Morning 0.33
Caesars Entertainment (CZR) Afternoon N/A Natural Alternatives International (NAII) N/A N/A
CAI International (CAI) N/A 0.86 Neurocrine Biosciences (NBIX) Afternoon -0.10
Cementos Pacasmayo S.A.A. American Depositary Shares (Each representing five ) (CPAC) Afternoon N/A NewStar Financial (NEWS) Morning 0.15
Ceragon Networks (CRNT) Morning 0.04 Noble Energy (NBL) Afternoon -0.02
Charles River Laboratories Intl. (CRL) Morning 1.26 Nordic American Tanker (NAT) Morning -0.17
China Green Agriculture (CGA) Morning N/A NorthWestern (NWE) Afternoon 1.04
China Hgs Real Estate (HGSH) Morning N/A OHR Pharmaceutical (OHRP) Afternoon N/A
Citizens (CIA) Afternoon N/A On Assignment (ASGN) Afternoon 0.76
Clearsign Combustion (CLIR) Afternoon N/A OneMain (OMF) Afternoon 1.06
Cna Financial (CNA) Morning 0.82 Otter Tail (OTTR) Afternoon 0.44
Cornerstone OnDemand (CSOD) Afternoon 0.21 Owens & Minor (OMI) Morning 0.51
CSP (CSPI) Afternoon N/A Pluristem Therapeutics (PSTI) Afternoon -0.08
Cutera (CUTR) Afternoon 0.35 Quantenna Communications (QTNA) Afternoon -0.10
Danaos (DAC) Afternoon 0.22 Rapid7 (RPD) Afternoon -0.18
DelMar Pharmaceuticals (DMPI) Morning -0.16 Restaurant Brands International (QSR) Morning 0.57
Devon Energy (DVN) Afternoon 0.56 Retail Properties of America (RPAI) Afternoon 0.04
Diamond Offshore Drilling (DO) Morning 0.09 RingCentral (RNG) Afternoon 0.06
Diamondback Energy (FANG) Afternoon 1.40 RPX (RPXC) Afternoon 0.14
Diebold Nixdorf (DBD) Morning 0.33 Sapiens International (SPNS) N/A 0.15
Dr Pepper Snapple Group (DPS) Morning 1.16 Sino-Global Shipping America (SINO) N/A N/A
Dun & Bradstreet (DNB) Afternoon 3.03 Snyder's-Lance (LNCE) Morning 0.40
EnLink Midstream (ENLC) Afternoon 0.15 Solaredge Technologies (SEDG) Afternoon 0.65
EnLink Midstream Partners (ENLK) Afternoon 0.04 State Auto Financial (STFC) Morning 0.38
First Data (FDC) Morning 0.44 T2 Biosystems (TTOO) Afternoon -0.42
FLIR Systems (FLIR) Morning 0.55 Tanger Factory Outlet Centers (SKT) Afternoon 0.28
FMC (FMC) Afternoon 1.03 Tower International (TOWR) Morning 1.15
Forward Industries (FORD) N/A N/A Usa Compression Partners (USAC) Morning 0.11
Fossil Group (FOSL) Afternoon 0.51 Veeco Instruments (VECO) Afternoon 0.09
Genomic Health (GHDX) Afternoon 0.08 Vipshop (VIPS) Afternoon 0.21
Genpact (G) Afternoon 0.42 Vistagen Therapeutics (VTGN) N/A N/A
Hawaiian Electric Industries (HE) N/A 0.40 Vornado Realty Trust (VNO) Afternoon 0.96
HCP (HCP) Morning 0.17
PRE-MARKET MOVERS: $DGAZ $CSRA $EMAN $INPX $VMIN $RIOT $MYSZ $AVEO $MTL $CARA $DRYS $UWT $FDC $HMNY $NXTD $GUSH $SOXL $SVXY
ROCKET BOT - FINVIZ TOP GAINERS - FINVIZ TOP LOSERS
Crypto Watch List: BTC XRP ETH LTC XVG OMG ICX ETC XRB GAS NEO WTC PPT SALT FUN STEEM POE EOS SC ZCL LEND VEN XLM
COIN MARKET CAP - COINDESK NEWS - RISING/FALLING
Disclaimer: The opinions in this thread and forum are solely the opinions of the individual account holders and contributors. The info should not be regarded as investment advice or as a recommendation of any particular security. All investments entail risks. As with most things in life, caveat emptor.
submitted by theprofitgod to The_Profit [link] [comments]

How Fed Funds Rate Works (and Why Forex Traders Should Care)

The aim of this post is to show how the current federal funds rate operation differs from its pre-crisis model and how it is important to Forex traders.

Before 2008

When things were simple (before 2008), the Federal Reserve set its target federal funds rate (FFR) as a single number and made sure that the effective federal funds rate (EFFR) is at the target level by performing open market operations (OMO). Those OMO normally included repurchase agreements (repo or RP) to temporarily increase the reserves supply in the federal funds market (FFM) (and thus reduce the demand and the EFFR) and reverse repurchase agreements (RRP) to temporarily decrease the supply of reserves and drive the EFFR up. It worked very well because the total size of bank reserves was rather small ($15 billion) in pre-crisis times.

Our times

Nowadays, when the Fed is holding $2.27 trillion in reserve balances (as of March 27, 2017), the old scheme would not fare so well. There is no scarcity of reserve balances at all. To create it, the Fed would need to sell a big share of its securities to shrink the total reserves to manageable size. But that would create some problems — it would drive down the prices of those securities and would launch a series of unpredictable market feedback loops. Instead, what the Fed is doing since 2008 is setting a target FFR as a range between two interest rates. For example, it is 0.75%-1.00% as of today while the EFFR, measured as volume-weighted median, was at 0.91% during the last 3 days.

Ceiling rate

The Fed makes sure that the FFM respects the target bounds by setting the interest on excess reserves (IOER) to the top boundary rate. When 95% of the reserve balances are the excess balances (balances exceeding the required level), the IOER rate paid by the Fed to the banks for holding these reserves serves as the ceiling for the rate corridor. It may sound counter-intuitive, because IOER would have been a floor level if only the FFM was composed only of the banks. However, it is not the case. The government-sponsored enterprises (GSE), such as Fannie Mae, Freddie Mac, and Federal Home Loan Banks, comprise the bulk of the FFM. GSEs do not earn IOER on reserve balances kept at the Fed. This creates an arbitrage opportunity for banks to borrow from GSEs and allocate the funds with the Fed to earn IOER. Consequently, the interest rate of GSE's loans to banks should be below IOER.

Floor rate

And how about the floor of the rate range (the 0.75% part of today's target range)? It is enforced by the Fed through the OMO called overnight repurchase agreement (ON RRP). With it, the Fed can drain some reserves from the system by borrowing cash from market participants, giving them securities as a collateral. Since not only banks can earn interest on their funds with ON RRP (GSEs can also do it), this sets the de facto lower boundary for the EFFR. Who would lend at a lower rate if they can choose to get at least this rate from the risk-less loan to the Fed? One important feature of the current system is that the EFFR does not cling to the upper side of the rate range (IOER) but hovers below it, falling down to near the ON RRP rate during the final day of the month. The reason for the former is that the banks pay higher FDIC insurance fees when they borrow more. And the reason for the latter is that the banks need to follow the Basel requirements, which limit their leverage, but are calculated based on the end-of-month balance sheet.

Efficiency

As a result, we can see the EFFR fluctuating between ON RRP and IOER — well within the boundaries of the Fed's target FFR. The short-term interest rates (represented by the 3-month Treasury bills) roughly follow the EFFR, which means that the interest rates get propagated beyond the FFM. Note the EFFR spiking down on each last day of the month:
EFFR inside target FFR range with 3-month Treasury Bill rate for comparison

Relation to Forex

So why should Forex traders care about this? Because effective federal funds rate and the Fed's ability to uphold it are even more important for the US dollar than the target rate set by the Federal Open Market Committee at its meetings. It is the higher EFFR that would stimulate banks buying more USD to park it either with the Fed or with the GSEs. It is the lower EFFR that would let banks to use the USD as a carry trade short side. Now you see that any significant news concerning GSE regulations, Basel III requirements, or FDIC insurance fee policies could have tremendous influence on the USD rate based on how such news could affect the EFFR. As a currency trader, you have to be up-to-date with the expectations of the FFM participants regarding those three components. I recommend the following resources to stay up-to-date with those topics:
Of course, you can also use some financial news outlet of your choice that would cover all these topics.
submitted by enivid to Forex [link] [comments]

Looking for Beta Users for Groundbreaking P2P Swap Trading System, Maximum Leverage, Minimum Risk, All Markets

I'm looking for traders to take positions (either in agreement with, or contrary to) my research/opinion or using your own trade setups and fundamental/macro outlook - via our P2P swap platform. You can use actual capital or I can give you test capital, basically, play money, to trade with me and my team and all I ask for is feedback on the system and the ability to quote you (which is not mandatory, but it would be nice). You can trade stocks, bonds, commodities, forex and forex pairs long or short, or swap the exposures directly for another asset, ex. S&P 500 for the LSE 100, Apple for Google, etc. Fees start at 5 bp, the best available from anywhere. Digital leverage is available, up to 10,000x worth (double digit profits/losses can be had from 11 basis points in movement, or less - so be careful), with no possibility of a Margin Call since the trades are pre-funded. If you think the opportunity is worthwhile, feel free to contact us or see info sheet below for more...
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With the use of financial “wallets”, client side applications that use a simple interface to guide users in the quick (as in minutes – enter ticker(s), amount to risk, collateral, expiry and leverage required) creation of a smart contract (in this case a P2P swap), users trade OTC directly with other parties – totally bypassing and intermediating exchanges, with even less risk. Monetary value is committed up front, a leverage factor is digitally dialed in (anywhere from 2x to 10,000x) and the smart contract is created and sent to the blockchain to await a match. Once matched, the funds are locked into the transaction until expiry, at which point profits and losses are distributed along with principal and unused collateral (the capital chosen to be put at risk). A novel, risk averse, extremely powerful, and quite frankly - ingenious way to trade macro strategies.
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Since the exchange is peer to peer, we never hold or control any of your assets, hence you are not exposed to our balance sheet, credit, default or counterparty risks (the blockchain is your effective counterparty). Veritaseum is a software concern, not a financial concern or intermediary! You can always track your assets and trade through the blockchain at any time. The capital is loaded in the wallet in the form of bitcoin, and for those who choose to minimize exposure to bitcoin market price volatility, leverage can be used to nearly eliminate the noise. You can also conduct trades using a demo mode and test coins, so as to use the system without risking actual capital.

Smart Contracts as Transaction Vehicles: The Safest Possible Way To Exchange Value

Veritaseum's UltraCoin smart contracts are: 1. highly flexible - you design your own derivatives yourself using your own parameters via our simple graphical user interface 2. self-executing 3. autonomous 4. unbreachable: we call them, the unbreakable promise! They are backed, fortified and stored by/on the blockchain itself 5. uber-transparent: simple click the "trace transaction" button to find the location and historical travel path of your assets anytime, from anywhere you have an internet connection

Trading Through a Balance Sheet-Based Financial Institution vs. Distributed, Decentralized, P2P Software Concern

What I do want to accomplish is the education through the fact that the Bitcoin protocol has given rise to the genesis of a new type of company, with a new business model that can offer a totally new type of product. As you were able to see from above, Veritaseum's UltraCoin offers a very uniquer product with many if not all of the attributes that potential competitors offer, with a slew of attributes that others can't touch. This is done at 1/5th of the price and at much less risk! When dealing with Veritaseum's UltraCoin, you can never get Gox'd because we never have (nor do we want) possession of your coins or fiat - every, at any time. Because we don't user our balance sheet (we are a software company, not a centralized exchange or brokedealer) you:
This is just the beginning of what is capable with our Internet 2.0 business models.
I implore you to download our:
There's also a lot of BTC industry research available for download as well as our blog which has some of the best fundamental and macro research available on the web. Hardcore traders, investors and speculators should check out my latest piece: It's All Out War, Pt 3: Is the Danish Krone Peg to Euro More Fragile Than Glass Beads? The Danish National Bank Infers So!
Any individuals or entities looking to provide liquidity to the system, individuals/companies who wish to partner, accredited investors looking for a piece of the action (you have to be willing to sign and NDA, we are quite open to working with anybody), or those who simply want to shoot the breeze should feel free to contact us.
An example of an UltraCoin smart contract summary
Here's some info about me, my team and what we're doing at Veritaseum:
Cordially, Reggie Middleton CEO, VeritaseumTM Inc.
submitted by Reggie-Middleton to investing [link] [comments]

First R1 of some stupid deficit fear mongering video

https://www.youtube.com/watch?v=uZLdqmA4nqw
First of all, I don't have any formal training in macroeconomics beside a course or two in college and what I've read online, but this video was actually shown in class by my prof(thankfully not an economics prof, but a finance prof nonetheless). There will be probably be some bad economics here of my own. I am sure you guys can do a far better R1 on this then I did, and I would appreciate if someone did, actually.
It is also interesting how this video is labelled "2014 Collapse" but has data from around the recession, when the government had an expansionary fiscal policy combined with a recession, leading to a larger budget deficit than usual.
At 0:37
Ever think about paying your mortgage with your credit card, that's exactly what uncle sam does(by issuing new bonds to pay interest on old bonds)
Wow, first of all, the interest rate on treasury bonds is far far lower than on any mortgage or credit cards. Secondly, a sovereign borrower is not like an individual. A sovereign government has a far, far larger credit "line", is perpetual, can increase their revenue substantially through tax raises, and their debt is actually demanded by hundreds of millions of individuals and institutions around the globe.
1:08
It's such a huge amount of money, uncle sam is running out of people to borrow money from
Standard & Poor's credit rating for the United States stands at AA+ with stable outlook. Moody's credit rating for the United States was last set at Aaa with stable outlook. Fitch's credit rating for the United States was last reported at AAA with stable outlook. . In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of the United States thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for the United States as reported by major credit rating agencies
http://www.statista.com/statistics/189302/trading-volume-of-us-treasury-securities-since-1990/
2:26
Remember the foreign governments that lent money to Uncle Sam, when they lent money to uncle sam, something interesting happened. It made the US look richer, and their countries look poorer
Does China investing the trillions of US forex they have on US bonds really make the US dollar appreciate?I understand capital inflows can increase demand for a currency, but did it really happen to extent that it provided a significant incentive for US companies to outsource operations, as he states later on?
When a country looks poor due to America, one dollar of our money, buys a lot of their money, so they can pay their workers only a few pennies a day. With such low labor costs, they can sell their products in America for lower prices than any American manufacturer can.
Obviously the difference in currency prices can affect the trade balance, but the inherent reason why Chinese goods and manufacturing is cheaper is because the the cost of labor and operations there is just a fraction of what it is in the US, in real terms.
2:50
The easiest way for American companies to compete, is to move their factories overseas, and pay their workers a few pennies a day too. This contributes to a recession
Ah yes, an increase in trade between China and the US and the wage depreciation among workers of America's massive industrial sector has been demonstrated to cause recessions
3:40
He[Uncle Sam] can't have the federal reserve make more money without making the inflation worse"
Obviously expansionary monetary policy tends to increase the rate of money supply growth in the economy and thus inflation, but the level of inflation wasn't above the threshold where it could be a problem. The recession actually had deflationary pressures rather inflationary,.
Since the 2008 financial crisis, the U.S. Federal Reserve has kept interest rates near zero and pursued a bond-buying program – now discontinued – known as quantitative easing. Some critics of the program alleged it would cause a spike in inflation in the U.S. dollar, but inflation peaked in 2007 and declined steadily over the next eight years. There are many, complex reasons why QE didn't lead to inflation or hyperinflation, though the simplest explanation is that the recession was a strong deflationary environment, and quantitative easing ameliorated its effect
3:57
Whether its in two months or two years, the day will come when uncle sam can no longer pay its bills
Its been more than two years since this video was posted on youtube(most likely just a retitled version of an older video), the US government still has by far the best credit rating in the world.
submitted by FlairCannon to badeconomics [link] [comments]

Weekly Roundup | Random Chat | Notifications

News roundup for the previous week.
In International news
  1. Feature: U.S. dignitaries say U.S., China must keep good relations to benefit world
  2. 'Serious' hack attacks from China targeting UK firms: The gang behind the attacks has compromised technology service firms and plans to use them as a proxy for attacks, security firms have said
  3. Americans' concerns about China: ranked
  4. China donated 12,173 tonnes of rice to Zimbabwe to assist vulnerable people that were affected by drought which wreaked havoc last year. In 2016, China already donated 19,000 tonnes of rice which had been distributed to the needy throughout the country
  5. China, South Korea discuss more sanctions on North Korea amid talk of Trump action
  6. Freight train to leave Britain on long haul for China
  7. Blackwater founder Erik Prince eyes opportunities with China
  8. China’s National Space Administration Secretary-General Yulong Tian says that China is contemplating developing cooperation with Russia with respect to space debris
  9. American-Chinese Lady's Dream of Attending Tsinghua: Those who were born in America should know their roots and identify themselves as Chinese because they will not get lost, feel ashamed or reject their motherland's culture in the crisis of identity of American society, Tan concluded
  10. Racist United Airline Overbooked Flight, Forcibly Removes Asian Doctor and His Wife For No Reason Other Than to Free up Seats (United - has acknowledged that the man's only apparent crime was that the flight was overbooked and he refused to leave voluntarily)
  11. Boy, two, and parents suffer burns after acid attack in north London
  12. Russia may abandon International Space Station to join forces with China
  13. A consortium of Chinese and Indonesian firms on Tuesday signed a contract with KCIC, a firm tasked with monitoring the high-speed train project linking Jakarta to Bandung, unveiling the construction phase of the project
  14. China warns against using military force in Syria
  15. United Passenger's Violent Removal Sparks Outrage In China: Images of a bloodied passenger being forcibly removed from a United Airlines flight in Chicago drew widespread condemnation in China following a witnesses' report that the man said he was targeted because he was Chinese
  16. Chinese Lives Matter Petition Becoming Viral in the Overseas Chinese Community
  17. China and Norway resume free trade negotiations after diplomatic freeze: The memorandum of understanding was one of six pacts covering cooperation on economic development, technology, health, science and sport
  18. Russia and China Finding Ways to Avoid the U.S. Dollar: The Central Bank of Russia opened its first overseas office in Beijing. ICBC established a clearing bank in Moscow to handle transactions in Chinese currency. Russia is preparing to issue its first federal loan bonds in Chinese currency
  19. Many in China think doctor was dragged off because he was Asian. 'United Airlines just randomly chose an Asian? It’s blatant racial discrimination' 'a perfect illustration' of human rights in the US. 'I am going to tell you a joke: America is the country with the best human rights'
  20. Chinese social media continues to rage at United, and the airline may face real fallout
  21. China tells US to resolve Korea tensions peacefully
  22. China commits US$60bn to Africa
  23. China warns India over Dalai's visit to disputed area
  24. China Might Bomb North Korea If It Crosses Beijing’s ‘Bottom Line’
  25. Trump, in an interview with the Wall Street Journal on Wednesday, appeared to acknowledge that China hasn’t been intervening to weaken its currency recently. “They’re not currency manipulators," he said. (finally we can move on from this made up/outdated fight)
  26. Trump says he told Xi how he bombed Syria over ‘most beautiful piece of cake’: says that he was faced with a dilemma – whether to inform Xi. “What does he do, finish his dessert and go home and then they say, you know, the guy you just had dinner with just attacked a country?” Trump mused
  27. Trump claims China has turned back N. Korean coal ships, lauds it as 'big step': "The vast amount of coal that comes out of North Korea going to China, they've turned back the boats. That's a big step, and they have many other steps that I know about."
  28. Chinese premier holds talks with Sao Tome and Principe counterpart on cooperation
  29. Lukashenko: Belarus is ready to increase food supplies to China's Hunan Province
  30. China publicly criticises US missile strike on Syria
  31. China, Sri Lanka vow to deepen cooperation to further develop strategic cooperative partnership
  32. Russian-Chinese Joint Ventures in Russia’s Far East, Arctic: An integral element in increasing bilateral trade will be the increased maritime transit of goods and hydrocarbon resources by developing Russia’s merchant marine infrastructure
  33. Russian President Vladimir Putin confirmed his plans to visit China in May to take part in the "One Belt, One Road" forum in Beijing
  34. White House: China Abstained From UN Vote on Syria Thanks to Trump-Xi
  35. The 10 minutes with Xi Jinping that changed Donald Trump’s mind on North Korea
  36. First rail freight service to China departs UK: British goods including soft drinks, vitamins and baby products are in the 30 containers carried by the train, which will be a regular service. The train will pass through 7 other countries before arriving on 27 April
  37. Chinese FM: Political settlement is only reliable and right way to solve crisis in Syria
  38. Belarus' cooperation with Hunan Province hailed as example to follow
  39. "There can be no winners in an armed conflict between the U.S. and North Korea over Pyongyang's nuclear weapons and missile programs, Chinese Foreign Minister Wang Yi said Friday [14 April 2017], while pledging China's support for any attempts at dialogue between the sides."
  40. In the Travel and Tourism Competitiveness Report 2017, China ranked 15 among 136 countries in 14 dimensions, up two spots
  41. China seeks Russia's help to 'cool' N. Korea situation
  42. China says deal reached at last with Myanmar on oil pipeline
  43. Foreign Minister statement on Korea situation. Check out the comments.
In Domestic news
  1. China anti-graft body investigating chief insurance regulator
  2. Beijing to reward informants on spying
  3. Luxembourg Consulate Staff tries to physically assault old Chinese man in Shanghai
  4. China emerges as digital rights champion with new info privacy law
  5. President Xi meets incoming HKSAR chief executive
  6. JD.com to build 150 airports in China for drone delivery: Drone delivery would help reduce the freight costs by 70 percent. It said its drones, which can carry 50 kilograms of parcels, have been put into use and drones that can carry 500 kilograms are in the pipeline
  7. Graph: Finding China's missing girls who show up in the census years -- sometimes decades -- after birth
  8. China raises pensions amid pressure from slowing economy, aging population
  9. China Focus: Xiongan's key role is to receive Beijing's non-capital functions: vice premier
In SciTech news
  1. The Top 10 Artificial Intelligence Startups in China
  2. Self-charging robots sorting system helps Chinese delivery firm finish at least 200k packages a day in the warehouse
  3. Seaweed: From superfood to superconductor. Yang, currently at Qingdao University, worked with colleagues at Qingdao University and at Los Alamos National Laboratory in the U.S. to make porous carbon nanofibers from seaweed extract
  4. Squishy robotic manta ray flaps its wings to spy in the ocean: The goal is to use the robot to explore underwater areas, says Tiefeng Li at Zhejiang University in Hangzhou, China. “The soft body will make it easy for the robot to sneak through reefs without damaging them,”
  5. Geek Culture Could Teach Americans About Chinese Technology, Says Technopreneur: According to Zhang, being called a geek is a compliment in China as someone who is "super cool" and knowledgeable about technology, and doesn't mean being weird or socially awkward
  6. Baidu, Alibaba, Tencent advance China’s AI development goals, says Microsoft research head. The mainland may be closing in on the US in developing AI, led by its three main internet firms, says Harry Shum Heung-yeung, executive vice-president for the artificial intelligence and research group
  7. China Emerges as Powerhouse for Biotech Drugs
  8. China launches 1st high-throughput communications satellite
  9. Legion Y520 Review - Lenovo's Best Laptop For $850 (Dave Lee review)
  10. Researchers in China and US made a new viral tracking tool by encapsulating HIV-1 in fluorescent quantum dots to observe how the virus enters macrophages at the single particle level in live cells. Technique may help in development of inhibitors that stop HIV from entering macrophages altogether.
  11. Chuwi Hi13: First Look at the Windows 10 2-in-1 with Surface Book Display
  12. SpaceX doesn’t scare Asia’s space players
  13. Google AI's AlphaGo to face Chinese teen in May - Science & Tech
  14. China’s Desert Hamsters on Medicine’s Front Line: The humble Chinese hamster has played a vital role in medical advances for more than a century, thanks to its biological makeup
In Economic news
  1. The bulls are back after China kicks off 2017 with strength: "There's been this cyclical recovery — China's in an easing mode … It shows up in the economic numbers, and it shows up in many company earnings reports," said Brendan Ahern, chief investment officer at Krane Funds Advisors
  2. America owes China $1tn. That's a problem for Beijing, and Trump knows it
  3. U.S. and European regulators have cleared ChemChina's proposed $43 billion acquisition of Swiss agribusiness giant Syngenta on condition it sells some businesses to satisfy anti-monopoly objections
  4. Ballpoint pens and the danger of China’s ‘one-dragon’ policy
  5. The Next Time Americans Want To Believe They Have Free Markets, Remind Them of United Airlines
  6. The surprising rise of China as IP powerhouse
  7. US firms cashing in on China's shift to consumer economy
  8. China is investing in Silicon Valley start-ups with military applications at such a rapid rate that the United States government needs tougher controls to stem the transfer of some of America’s most promising technologies, a Pentagon report says
  9. WhatsApp looks to copy China's Tencent-owned WeChat
  10. Why Trump won't be branding China a currency cheater
  11. China Focus: China's consumer inflation steady amid firming economy
  12. China Focus: Chinese companies come, hiring more locals in U.S.: Chinese investment in the U.S. outstripped U.S. investment in China for the first time in 2015, according to the Rhodium Group. Chinese investment has supported about 104,000 jobs in the United States
  13. China's forex reserves rise for second month in a row: concerns about capital outflows have receded lately, with the Chinese economy on a firmer footing, supported by a string of upbeat data including industrial profits, factory activity and fixed asset investment
  14. Trump won't label China a currency manipulator
  15. U.S. business leaders see benefits from strong trade ties with China
  16. China’s top maker of air conditioners breezes into Brazil’s economy and society
  17. Beijing thinking big on switch to a big data economy: Ministry pushes five-year plan to develop big data into a trillion-yuan industry. The target is for the big data industry, including related goods and services, to exceed 1 trillion yuan (US$144 billion) in revenue by 2020
  18. How Oppo, Vivo and xiaomi conquered India (OPPO、vivo和小米们如何夺取印度半壁江山?)
  19. Korea, China, Japan to hold new round of free trade talks
  20. U.S. Treasury says China does not manipulate its currency
  21. China’s Global Solar Business Shakes Foreign Competitors: China’s relentless pursuit to become self-dependent on sophisticated industries, such as solar panel systems, have left foreign competitors and even smaller-scale Chinese businesses in the dust
In Military news
  1. Thailand to buy more Chinese tanks, reportedly for $58M: According to Thai government spokesman Sansern Kaewkamnerd, the cabinet has approved the acquisition of 10 more VT4 main battle tanks designed and built by China’s Norinco
  2. China and US agree to top military talks to head off close armed encounters: New mechanism between Chinese and US armed forces could ease Beijing’s suspicions about US moves, analyst says
  3. China and Russia are Catching Up to the U.S. Military: America’s enemies are rapidly catching up and in some cases exceeding the United States in terms of military technology, according to senior U.S. Navy official Rear Adm. Mark Darrah
  4. US racing China to develop hypersonic attack drones by 2040
  5. China is testing its new PL-15 long-range air-to-air missile (LRAAM) designed to shoot down defenseless U.S. Air Force and U.S. Navy aerial tankers and airborne early warning and control aircraft (AEW&C) from as far away as 300 kilometers
  6. China Takes Wraps Off National Hypersonic Plan
  7. Chinese armed police hold anti-terror drill in Xinjiang
  8. SOUTHCOM Tidd: Russia, Iran and China Expanding Influence in Central, South America. Russia, China and Iran are increasing interest in Central and South America, especially Moscow’s renewed focus on Nicaragua, the head of U.S. Southern Command told the Senate
  9. China Coast Guard vessels patrol Diaoyu Islands on Fri, the 10th time this year
Other Notables
  1. Demolishing Dalian: China's 'Russian' city is erasing its heritage – in pictures
  2. DJI - M200 – Search and Rescue in Extreme Environments
  3. Driving under the rainbow! Watch China's first and only rainbow tunnel
  4. Ancient Chinese tomb-sweeping festival goes hi-tech: If you can't get to the grave yourself, staff at the Yuhuatai Gongdeyuan cemetery will clean tombs and place bouquets for paying clients, who watch the ritual via a livestream on the Wechat app instead
  5. Shanghai past and present
  6. High Profile Korean-Chinese Movie coproduction is a scifi set to release June 30th in China - Starring Yang Mi, Wallace Huo, Produced by Jackie Chan
  7. Westerners oughtn’t to criticize China for its ‘fake cities’: hypocrisy in the way Western media approaches "duplitecture". Core neighborhoods within Manhattan Island owe their architecture to Mannheim, Germany. Try and tell apart the central districts of Buenos Aires, Argentina from Madrid, Spain
  8. The Chinese engineer who mined an American life in Hibbing: In 1914 Wen Ping Pan became the first Chinese student at UofM. Met his wife Mae Humm, who was half-Irish like his mother. She retained an Irish temper and a talent for gab. As a result, she did most of the talking in their 63 yr marriage
  9. 3-part online low-key documentary series looking at different lives in China. First part features Wuhan and punk band SMZB.
  10. Is Hong Kong less free now than under British colonial rule?
  11. Goddess Ivanka continues to win the hearts of Chinese people as she began teaching Mandarin Chinese to Theodore, her youngest son. The boy began his Mandarin lessons just a week following his first birthday
  12. The Mercury Rivers of Emperor Qin Shi Huang
  13. The Chinese engineer who mined an American life on Minnesota's Iron Range
  14. Parcel sorting facility in China
  15. China and The Troubling Idealization of Ivanka
  16. Xiongan New Area to be Shenzhen of the north
  17. China's New World Order - the new Silk Road
  18. Why The NY Time’s Title of ‘Goddess Ivanka’ Is Misleading
  19. The Lionsgate movie “Power Rangers” got the approval of China’s censor for theatrical release on May 12 even if it has a gay character
  20. A Chinese bank employee is being hailed as a hero after risking his life to save a female customer from a robber who put a knife to her neck
  21. Unfettered online hate speech fuels Islamophobia in China.
  22. 汉服音乐微电影 汉家衣裳 超清
  23. Xiongan construction expected to drive up China steel market
  24. China's Xiongan New Area: Protecting environments a major task
  25. White Mainstream Media Goes On The Offensive Against Critics of United Airlines
  26. Success of China behind the growing allure of authoritarianism: the economic successes of China and some other countries may have helped create an underlying crisis of confidence in liberal ideas and values
  27. What does the Hong Kong Sevens have to do with Hongkongers?
  28. Thoughts on article about British Colonialism holding India Back? How did China overcome the Century of Humiliation while the British Raj's legacy still looms over India?
  29. Taiwanese music festival
  30. Foreign girls and their Chinese Mr. Right: Confronted with failure in College Entrance Examination Mei Aisi went to Ukraine for study
  31. What Would Have Happened If China Didn't Develop Nuclear Weapons?
  32. Child prodigy from Sale scores highest possible IQ score, beating Einstein and Hawking (From Messenger Newspapers)
  33. Discussion: Do you think the current escalation in the Korean Peninsula could possibly end up becoming a big boon to China?
  34. Chinese explorer's incredible arctic journey: This is the Arctic Circle, and Zhanjiang-born Wu Yu has just become the first person to ever drive here from China, some 8,000 kilometers away
  35. Reviving traditional Chinese archery: As one of the traditional Six Arts that have their roots in Confucian philosophy and formed the basis of education in ancient Chinese culture, archery has a long history in China
  36. The Results Are In: 2016 Is a Record-Breaking Year for Tall Buildings
  37. Pictures: Apricot flowers in blossom at Jinshanling Great Wall
  38. Something I noticed about chinese-canadians in canada
  39. TIL that the first king of the first muslim kingdom in indonesia was chinese indonesian
  40. Getting paid to do nothing: why the idea of China’s dibao is catching on
  41. Five thousand years of Chinese civilisation through 108 million relics - Four year survey finds that is just what is in the hands of the state. The number grows even more when considering overseas museums and private collectors
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Introduction to Treasury Management Process - YouTube

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