The entire country is Hong Kong is melting the fuck down — because they really want our brand of Epstein-esque freedom — the same type of freedom so liberally delivered to Iraq and Afghanistan and many other countries who were fortunate enough to see the barrels of our tanks.
A little background, China has accused the US of fanning the flames — responsible for these protests.
A Chinese media shill posted a picture of a US agent meeting with Hong Kong protesters.
Embarrassing! The black hand was caught red-handed! Leaders of "HK independence" organization met with Julie Eadeh of US Consulate General in HK. She is a subversion expert at the State Department. The Chinese people are not afraid of evil, nor are they afraid of causing trouble. pic.twitter.com/svtrbJC0Z8
— Lijian Zhao ??? (@zlj517) August 8, 2019
What does it all mean? THE ART OF THE FUCKING DEAL!!!
“The bear is alive and kicking. We think the failed breakout last week for the S&P 500 confirms we are still mired in a cyclical bear market,” Mike Wilson, Morgan Stanley’s chief U.S. equity strategist, said in a note on Monday.
The escalated U.S.-China trade war rattled the markets last week with the Dow posting a loss of 0.75%. Major stock averages suffered their worst days of the year on Aug. 5 after China allowed its currency to drop against the dollar below a key level unseen since 2008.
The intensified tensions caused Goldman Sachs to lower its fourth-quarter growth forecast by 20 basis points to 1.8% as the firm no longer expects a trade deal before the 2020 election.
The People’s Bank of China (PBOC) on Monday set its daily midpoint for yuan trading at 7.0211 per dollar, the third consecutive session below the psychological level of 7 per dollar. It was also weaker than Friday’s session, but beat market expectations.
Dow futures -205. We’re fucked.
UPDATE: Argentinian FUD released!
— CNBC Now (@CNBCnow) August 12, 2019
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