Bill Holter’s Commentary
If one offered investors a fat tail put option that never decays or expires, costs about -1% pa to carry, has no counter party risk & no chance of ever becoming worthless, there would be a line out the door. But when one explains that this option is physical gold… no interest.
— Simon Mikhailovich (@S_Mikhailovich) December 5, 2018
Huawei CFO Arrest is a ‘Declaration of War’ Says Editor of Global Times
December 6, 2018
The arrest of a top Chinese technology executive by Canadian authorities acting at the behest of the United States is threatening to upend the Trump administration’s efforts to sustain a trade truce with China.
The arrest of Sabrina Meng, the chief financial officer of China’s largest mobile phone marker, has been condemned by Chinese officials, who are calling for her immediate release. The U.S. has reportedly requested Meng be extradited to New York, where she would reportedly face federal charges of violating Iran sanctions.
Hu Xijin, the editor in chief of the Global Times, described the arrest as a “declaration of war” against China, according to the New York Times. The Global Times is a state-run newspaper whose views are thought to reflect the ruling communist party in China. Hu’s comments were made on Weibo, a Twitter-like service, the New York Times reported.