‘Their Lies Are Bubbles Flooding The US Stock Market’: The Infamous Hu Xijin Mocks Larry Kudlow, CNBC

Global Times editor Hu Xijin has become the social media megaphone for Xi in the trade conflict with the US.

For those unfamiliar, his tweets are just thinly-veiled Party pronouncements, wrapped in a silly veneer of journalistic sourcing that usually takes the form of “according to what I know”.

To be clear, what Hu “knows” is what Beijing tells him. For instance, on Tuesday he “knows” this about the currency manipulator label:

Since the US has imposed tariffs on Chinese goods, the label of currency manipulator is seriously devalued in its impact.The trade war has been protracted to now, the US has put the biggest card on table, China is relieved. Now fight, China no longer expects goodwill from the US.

And that’s not all Hu knows.

He also knows that Larry Kudlow is a sock puppet, who is habitually dispatched to the cable network he used to work for in order to placate markets whenever Trump makes everyone nervous. (In that regard, Hu just “knows” what all the rest of us know.)

“This kind of soft tone by [the] Trump administration is tailor made for US stock markets”, Hu tweeted on Tuesday afternoon, sharing the following video of Kudlow talking to Jim Cramer:

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“I don’t understand why the Chinese can’t seem to get there”, Kudlow said, feigning incredulity at the prospect that anyone would be offended by the actions of his boss in the Oval Office. “As difficult as things might be and I know the markets are a bit volatile, but the reality is, we would like to negotiate”.

Yes, “the markets are a bit volatile”. And by that, Larry means the Dow was down more than 900 points at the lows on Monday and shed some 1,400 points over the space of four sessions.

Read more: Trump Said Democrats Would Cause A Depression — And Then The Dow Plunged 1,300 Points

Hu (so, Beijing) was having none of it.

“Their lies have become bubbles flooding the US stock markets”, he went on to tweet, of Kudlow.

“Whether or not there will be negotiations, China won’t yield to Washington’s hegemony [and] we’re prepared for new US tariffs”, he added.

There’s something hilariously ironic about the Global Times finding themselves frustrated by the sheer absurdity and audacity of the propaganda emanating from the White House and the American financial media.