This is true, though eventually you will need internet access so that the transaction can be written back to the PBOC's ledger.
Miscellaneous News
- Thread starter bd popeye
- Start date
Stock prices have been too frothy relative to GDP. Possibly why Buffet is holding lots of cash
Interesting interview. @Nobo was right, there is immense anger among the Bangladeshi public towards India, particularly at the Modi government. Sheikh Hasina was indeed viewed as a puppet of India. Bangladesh has some serious grievances with India, and that only made Hasina extra unpopular.
Bangladesh's grievances with India mentioned in this interview are:
1) Modi's own anti-Muslim Hindutva policies within India.
2) India completely controls Bangladesh's economic situation. (I'm interested to know more. @Nobo what do you know about this?)
3) India built the Teesta River Dam which reduced water flow downstream to Bangladesh.
4) Bangladesh had given India road and rail transit access through its territories to connect to North Eastern India, but India gave nothing in return. India still didn't give Bangladesh access across it's own narrow Siliguri corridor (about 18km) for Bangladesh to link with Nepal.
Looking at this unequal relationship between India and Bangladesh, and with Sheikh Hasina herself being a puppet of India. This looks like a classic neo-colonial relationship. No wonder the Bangladeshis are so angry at India.
Bangladesh's grievances with India mentioned in this interview are:
1) Modi's own anti-Muslim Hindutva policies within India.
2) India completely controls Bangladesh's economic situation. (I'm interested to know more. @Nobo what do you know about this?)
3) India built the Teesta River Dam which reduced water flow downstream to Bangladesh.
4) Bangladesh had given India road and rail transit access through its territories to connect to North Eastern India, but India gave nothing in return. India still didn't give Bangladesh access across it's own narrow Siliguri corridor (about 18km) for Bangladesh to link with Nepal.
Looking at this unequal relationship between India and Bangladesh, and with Sheikh Hasina herself being a puppet of India. This looks like a classic neo-colonial relationship. No wonder the Bangladeshis are so angry at India.
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The world doesn’t need another america, let alone a loincloth imperialist that demands much but offers sweet F all.
That article was an eye-opener. I mean, I knew, but to see it written down...
"What is perhaps most remarkable is when and how Buffett dumped half his Apple holdings: Berkshire managed to offload a stunning $84 billion, or some 390 million shares, in AAPL at a time when the stock was appreciating rapidly, and especially after the meltup following the WWDC24 developer conference. In other words, the smart money was furiously dumping to retail, because as we noted at the time, hedge funds were certainly not buying tech at this time, as we reported on July 1 in "Getting Out Of Dodge: Hedge Funds Are Selling And Shorting Stocks At The Fastest Pace In Two Years", almost as if they had notice that Buffett was dumping..."
Don't be a minnow in a tank full of sharks.
Buffett is holding back liquidity. He knows there will be a bigger crash.
This is really is about Japan. BOJ raised rates to boost the value of the Yen and turned a $trillion+ arbitrage JPY/USD scheme upside down. These kinds of high volume premarket sessions are consistent with institutions liquidating their positions, in this case unwinding thier carry trades. They were arbitraging yen dollar currency swap options taking advantage of the interest rate differential. BOJ put the rate up so the ride is over.
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