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Xi Jinping Is Going To Run China Forever, So Get Onboard Or Get Run The Hell Over, And He Doesn’t Care Which
Here, on behalf of the newly elected central leadership, I wish to express our heartfelt thanks to all other members of the party for the trust they have placed in us. We will work diligently to meet our duty, fulfill our mission and be worthy of their trust.
That's from Xi Jinping who announced the composition of the Politburo standing committee on Wednesday and, based on who's in it, Xi is apparently not planning on not ruling China anytime soon (no typos in there).
Because everybody in it
Question: So why is Xi smiling? (well for him, that’s a huge smile)
Answer: Because all of them are in their 60’s with a natural full head of hair.
Trump furious with envy.
lol
Seriously though, I think that in light of Xi’s further consolidation of power, one must give more weight to the PBOC “Minsky moment” comment a few days ago. It came from Zhou’s lips but most likely was Xi’s words as a policy point coming at the time of the 19th Plenum during which Xi cemented his power. Words that IMHO only a fool would dismiss as a gaffe.
Indeed, just as I typed the above, Kevin Muir published his take on it on his global macro blog. I won’ t post the link as I’m sure that H will post it soon and I shan’t steal his thunder. Here’s just one quote from it:
“instead of focusing on this dire warning, markets are busy trying to discount the chance of a Powell Fed or a Republican tax cut [so hedgies in uber-bullish]. Although both of these developments would be important, China is the tail that wags the dog. Full stop.
The Chinese are telling you to be wary about a Minsky moment. Shorter term, they have been actively engaged in keeping the markets propped up, but that support is ending.”
“Ladies, would you swipe left or right on Tinder?”
That’s cold. Your Steve Harvey moment?