Here comes another bullshiet PR stunt. The worst one in early 2020 when all of a sudden China was interested (wink wink) in signing some bullshiet Phase I deal with the US (out of thin air China just decided it was a good idea to have any kind of deal with the US) just days before the Covid-19 market crash. So fast forward 2023. Out of thin air, Blinken and Yellen decided to pay China a visit this Summer season... I have two balances, one HUGE one for long term investing in managed funds and a very much smaller one for direct swing trading stocks. The HUGE one been sitting there in cash for months (actually a couple of years now just doing nothing but) collecting interest waiting for the market to bottom. I believe 2024 Los Angeles will be repeat of 2008 Beijing. Nobody expects or think the market will do another "subprime crisis" meltdown after Summer 2024 just like in late 2008. BUT because of this expectation market will continue to climb after LA 2024, it is precisely y the market will repeat the late 2008 move afterward!
Yellen is going there to ask the Chinese to buy US debts, like in 2008 when Hank went and they did buy a lot of these junks. 40% of US debts are bought internationally. This time maybe different, they don’t give a shit about US unless Taiwan is the negotiating item.