Category Archives: Foreign
Wall Street out on a Ledge over China
Wall Street took a deep dive yesterday on news from China. Investors are afraid China’s biggest property developer, Evergrande Group, won’t be able to make payments on its debt. If that happens the company could collapse like Lehman Brothers in 2008 and take the economy down with it.
To make matters worse the Wall Street Journal (paywall) reports that Communist Party leader Xi Jinping isn’t a capitalist! He thinks private capital is running “amok.” And he wants to force China back to “the vision of Mao Zedong, who saw capitalism as a transitory phase on the road to socialism.” He even showed up in a Mao suit.
Maybe my guy on the ledge is afraid he’s on the road to serfdom.
Palestinians Restore Middle East Conventional Wisdom
Conventional wisdom said there could be no peace in the Middle East until there’s peace with the Palestinians. The Trump Administration did an end run around conventional wisdom and brought peace by signing the Abraham Accords . However, Iranian proxy Hamas had other ideas and fired over 3,300 rockets at Tel Aviv and Jerusalem from Gaza.
Withdrawal of U.S. Forces from Afghanistan on 9/11
President Biden set a date certain for the withdrawal of U.S. forces from Afghanistan. It’s September 11. The Taliban have yet to RSVP.
