Gyroscopic Investing

Good editorial in the NYT today:

https://www.nytimes.com/2025/05/19/opin ... =url-share

It's pretty one-sided but if you have NYT access there's a much longer piece by Ezra Klein in which he interviews China expert Thomas Friedman about his extensive travels in China of late. IMHO the bottom line is China is taking full advantage of us having idiots in charge for the next 3.5+ years - not that these trends weren't already firmly in place under Biden.

I think focusing myopically on the China-U.S. duel misses the larger point that everything the current administration is doing makes other countries stronger and incentivizes them to reduce their dependence on both the dollar and business with us. Not planning any radical moves but surely the default stock allocation in the PP and other portfolios - any U.S.-based investor's portfolio - should be VT, not VTI.

DNC & CCP BFF. This guy I follow on FB has started promoting CCP, I think they're scared. https://facebook.com/philngai

CCP owns the businesses, tariffs come out their margins. But everything is propaganda, and tariffs are case-by-case, so who knows.

"Japan and South Korea are already providing the template today. China is now in a race against time to do what they did: get rich before they get old. I guess maybe up to roughly a third of China, the wealthy eastern coastal cities, can hope accomplish this to a similar level that Japan and South Korea managed, but what will happen to the other 2/3rds+ is anyone's guess"

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