Jim’s Mailbox

Posted at 11:29 AM (CST) by & filed under Jim's Mailbox.

It’s who counts the vote that is the problem…or is it Common Core?











Annual Meeting of the Summer Tires Club. Courtesy of CIGA Sister K.














Courtesy of Mike Martin, who has been with me from the days of the Sinclair Group Companies.


China Just Dumped The Biggest Load Of US Treasuries In 8 Months
November 19, 2018

In September, China’s share of US Treasuries holdings had the highest decline since January as ongoing trade tensions with Washington forced the world’s biggest economy to take measures to stabilize its national currency.

Still the biggest foreign holder of the US foreign debt, China slashed it’s share by nearly $14 billion, with the country’s holdings falling to $1.15 trillion from nearly $1.17 trillion in August, according to the latest data from the Treasury Department. The fall marks the fourth straight month of declines. China is followed by Japan, whose share of US Treasuries fell to $1.03 trillion, the lowest since October 2011.

Washington has accelerated the Treasury issuance to avoid potential growth in the federal deficit due to the massive tax cut pushed by President Donald Trump, as well the federal spending deal approved by the government in February.




Is President Trump concerned the Petro dollar is in danger?


Trump Affirms Support For MbS, Warns “World Is A Dangerous Place”
November 20, 2018

After promising to publish a “very full report” about the CIA’s findings related to Saudi Crown Prince Mohammad bin Salman’s complicity in the death of Saudi journalist Jamal Khashoggi, President Trump on Tuesday instead released a statement where he once again defended the US’s relationship with the kingdom, and questioned whether MbS even knew about the killing.

While Trump described the murder as a “terrible” and “unacceptable” crime, he claimed that as US intelligence agencies continue to investigate, they could still find that MbS wasn’t responsible for ordering Khashoggi’s murder.

Oil prices moved lower on the statement as investors interpreted it as just another sign that the US won’t follow through with any material sanctions or other punitive measures against the kingdom itself (though the Treasury Department did sanction 17 individual Saudis, including a senior aide to the prince, over their alleged involvement. Presumably, as long as the kingdom does everything in its power to keep oil prices low, Trump won’t give them any problems.