Evening all. I hope this evening finds you shining bright with the light of the moon.

What is a negative interest rate bond?
It is by definition a default.
Just because it is an agreed upon default doesn't change that fact.

And that's at nominal rates. If there is any price inflation at all (and there is), that just adds to the losses.

President Trump appears to be on the verge of actually doing something good with his presidency, and ending the endless quagmire that is our occupation of Afghanistan.

Saudi Arabia has been bombing civilians in Yemen (and covering it up) for four years. Yet they haven't come anywhere close to taking back the capital of Sanaa.
The Saudi's most notable victory was defeating the Houthi assault on the old capital city of former state of South Yemen - Aden.

I’ll only focus on the Pepe’s Hong Kong portion, as I’ll bring other viewpoints as well.  A recent reader asked me to say that my (limited thoughts and content) are in violet,  hyperlinks turn blue at c99%; all else is in black.  This is longish, but given the current anti-China realpolitik afoot, this is a very big deal in my estimation.  Feel free to weigh in, even with contrasting sources and opinions.  Dagnabbit, I’d forgotten to see if Joe Biden’s blaming the protests on the Russians on Twitter.

‘Hong Kong, Kashmir: a Tale of Two Occupations’ Pepe Escobar, August 7, 2019,  strategic-culture.com (CC w/ attribution):