China is renowned for talking shit via certain media puppets. Here’s one of them on Twitter and this is what he’s saying today.
China hasn’t released countermeasures immediately. I believe the reason is that China is drafting a plan that will have precise effects, making sure it hits the US while minimizing damage to itself.
— Hu Xijin ??? (@HuXijin_GT) May 13, 2019
China may stop purchasing US agricultural products and energy, reduce Boeing orders and restrict US service trade with China. Many Chinese scholars are discussing the possibility of dumping US Treasuries and how to do it specifically.
— Hu Xijin ??? (@HuXijin_GT) May 13, 2019
So much winning.
Here’s why crude is higher — two Saudi tankers attacked.
Saudi energy minister Khalid Al-Falih revealed the tankers suffered “significant damage” – although it was unclear what the attack involved.
He said: “Fortunately, the attack didn’t lead to any casualties or oil spill; however, it caused significant damage to the structures of the two vessels.”
Trading and shipping sources identified the Saudi ships as Bahri-owned very large crude carrier (VLCC) tanker Amjad and crude tanker Al Marzoqah.
Dow futs -444.
UPDATE: Fed cut being priced in now as a foregone conclusion.
Traders are pricing in a 73.6% chance the Fed will cut rates by January. pic.twitter.com/KTxiTP6MoE
— Lisa Abramowicz (@lisaabramowicz1) May 13, 2019
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Yeah re cause of crude’s move – also perhaps concern that, though attacks may be bs, that they’re part of the march to hot conflict with Iran. But the thing to watch re when US investors should truly panic is the dollar, not oil.
I’d strongly support President Trump’s next move to raise the tariffs to 100%.
You’re a fucking idiot.