China Morning Missive

The military parade is currently in progress and here is how Xi Jinping decided to enter the event.

Again, pictures such as these will achieve, in my opinion, a singular outcome from the Washington. Unadulterated aggression. I’d also add that we’ve not even arrived at the point in the event where all of China’s latest technology is put on display.

But what is it, exactly, that the American – or even European – leadership can do at this point other than lash out. Long duration bond yields are blowing out across the entire G7 and gold is smashing through one all-time-high after another. Not only is the West completely and totally boxed in fiscally, but investors now look to have called it a day and are voting with their asset allocation decisions.

Personally, I am an aggressive optimist. There is so much that can be achieved through collaborative efforts. Nevertheless, if you go after the King you best not miss. That is sort of the point in history we all now find ourselves. No great

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Put a kid in the room with a marshmallow.

Leave the room and tell them they’ll get another entire marshmallow if they just don’t eat the one in front of them.

Gayest