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Pozsar Prophecies Panned As ‘Austin Powers’-Style Parody
Rabobank's Michael Every is having none of it.
By "it," I mean any variation on Zoltan Pozsar's "Ne
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Squishing a gold bug under his heel.
The lady doth protest too much, methinks.
If you’re talking about Every (or me), I’m not sure you understand much about this debate. If anyone is subject to the quote you used, it’s Zoltan. That’s kind of the whole point.
“The strongest of all warriors are these two- Time and Patience”.
That settles it. It’s oddly (for such complex subject matter) obvious.
I’ve said in these comments before, but it’s been a while: we are more likely to see the CCP lose full control (or at least cede to multi-party elections) than you are to see a CCP China replace the US as the single dominant global power.
Maybe, although I’d note that I got a reality check the other day when I had the opportunity to ask someone whose childhood was spent under Mao what she made of the prospects for a democratic turn in light of recent protests, etc. She literally laughed at me. “It is impossible,” she said. (She has a PhD and taught in the US).
That’s anecdotal, but it speaks to the gap between what we, as Westerners, imagine is “brewing” in China and what Chinese actually think about the situation. She basically said the notion of supplanting the Party isn’t just a non-starter, it’s so far-fetched as to be not worth talking about.
It was funny too because Asians tend to age remarkably (and enviably) well, so I couldn’t really tell how old she was. Naturally, I asked, “Who was head of the Party when you were growing up?” She kind of looked at me for a second and said: “Mao!”
Oh, and folks, do note that the “checkmate” at the end of this article isn’t meant to be pithy. It’s also a reference to one of those three Pozsar notes. Sometimes I forget that everyone hasn’t read all of this stuff and thus might not catch every allusion.
Great stuff, thanks H.
love Every and this piece so much I’ll be reading and reviewing at least a couple more times for all the nuance…
thanks, H.
Amen, JB, this is a fun read! An analysis with class.
Great article!
I once worked with a company that had a sub division in China. When we had technical issues the engineers from China would have to come to resolve the issue. We talked about politics, work rules and religion. Like you said H man this is just anecdotal. There was 5 engineers and when we asked them the questions they all had to agree . They said in politics who was leading didn’t really matter because in China they don’t care what happens in the next quarter or even year. They plan in 25-100 year increments. Also they said to them Communism is the only way for a properly functioning government. We also talked about religion they all agreed they were atheists and the reason is anyone who would believe a God or Jesus exists is delusional and should be put in a reeducation camp. They told us in the sister plant in China a line would form at the entrance where there were armed guards. If an employee did not produce an acceptable amount the armed guard would escort that person out and bring a new person in. So, even if Xi unexpectedly died tomorrow another Xi wanna be would replace him.