Wednesday, October 10, 2018 10:49:32 AM
We are still heavy preferreds though but, now me you and cat are now on the same boat. We always were but he just got bitter seeing commons trickle down to the pits and decided to bash us poor P holders.
I am back in the US now full time. They ended my China role :(. Thanks to Trump's trade war. The sad thing is even when the trade war ends, things will not be as vibrant for us there anymore. We will be replaced by the Europeans, Japanese and Russians. The Europeans and Japanese are rooting for a full fledge extended trade war. If they run into trade issues with us, they will lean more on China. They are playing both sides. China is their insurance. If we are in a pain staking long trade war with china, the less leverage we will have against them therefore, they will get better terms in any trade agreements. Unless we decide to disengage China, this is stupid. Its all about Made in China 2025. This trade war has nothing to do with manufacturing as no one cares about it. Manufacturing is used my Trump to gain support for a trade war. The surplus they get every year, they buy treasuries thus extended us credit. Any surplus with any other country, China use it to buy their version of trasuries. No Surplus means they will not buy treasuries so expect rates to go up big time along with Fed rate hikes.
I expect to be laid off in January. If I do get laid off, I will get 12 months of severance. Its was almost 6 years ago I was jockeying for severance remember? LOL. China was a good experience as an expat. I do recommend living in expat communities. Those are truly international communities with great food and bars. I should stop mumbling now and pretend I am working on a project.
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