On one hand, China blackmailing the world over rare earths (in total violation of every commitment they made when we let them into the global trading system) is going to hurt. On the other hand, it’s better that they’re showing their true colors, while we still have time to

China is playing hardball with rare earths not because it has the upper hand in the trade conflict with the US but because it has to. China's exports to the US have been clobbered and are a massive hit to China's export sector. China is in a position of weakness, not strength...

China does not have “all the leverage in a trade war.” As a trade-dependent state that ran a $295.5 billion merchandise trade surplus against America last year, China is, on balance, in a much weaker position.

Any asset class that is relentlessly promoted by strippers and charlatans, an “investment” that plunges 70% four times in a decade is NOT a store of value. Long term track records on crypto are meaningless garbage.

Have to strongly disagree here. AI is the new industrial revolution and China knew deeply from last 150 years the cost of being behind a lot in technology for a big country. Compete in AI is a given for China, as long as it improves productivity more than the cost.

“Middle East has oil; China has rare earths,” said Deng Xiaoping in 1992. But the oil shocks never made OPEC a superpower — high prices only drove the world to find alternatives. The same will happen with rare earths.

Rooting for a World Series between two teams that have never won one.

China is starting to realize that their economic nuclear option response has been a massive miscalculation 👇

Good thread "I think China's leverage here is over-rated. With a strong policy environment, I expect that we will be able to fix the problem quicker than the Chinese think. And in the interim, I think Beijing will find that their export controls, while clearly harmful to the

China's failed riverboat gambling experiment on home prices, coupled with a banking system leveraged over 300% more than America's, has forced university graduates to live with their parents, avoid dating, and not have children. This has led to disastrous consequences:

🚨🚨THE REFS STRIKE AGAIN🚨🚨 #CHIEFS STAR DT CHRIS JONES WAS CLEARLY OFFSIDES ON THE 4TH DOWN PLAY AND THE REFS DID NOT CALL THIS. 😳😳😳 Instead, Detroit scored a touchdown, and then the refs threw a flag after the play, taking back the TD. LIONS GET SCREWED AGAIN. WOW.

All of the female hostages are dead. Where is the outrage? Savages

Hamas killed every single female hostage they had left so those girls couldn't tell the world what they had done to them. To everyone who walks on a 'free palestine' march To everyone who flies that islamo-fascist flag To everyone who chants from the river to the sea Fuck you.

LOL It was the opposite.

Judging from Equity Markets, China is currently worse off than the US in this little stand-off

Signing a LOI with OpenAI is truly like adding “.com” at the end of a company name during the DotCom bubble - such a carousel of zero value nonsense, but hey! $WMT stock gaps up and opens green while the broader market is bright red so I guess it counts the trick worked out

BREAKING: OpenAI to partner with OpenAI to help fund OpenAI. OpenAI up 90%.

Glad to see the PR stunt worked as intended

Let me say this again: OpenAI doesn’t have the money and cannot raise more equity - the only alternative to keep its Ponzi scheme going is to borrow a biblical amount of cash that DOESN’T EVEN EXIST in the financial system

Great ⁦John Authers⁩ piece in ⁦Bloomberg⁩ on why China chose to escalate using rare earths. The consensus is that it’s exploiting its monopoly position, but the deeper story is that its exporters are hurting badly, so China has to go for broke bloomberg.com/opinion/newsle…