Cayman Islands is an offshore tax haven. Those securities would be owned by rich Americans with accounts there.
by the way good for about 61 thousand Cayman Islands inhabitants to hold a quarter of a trillion, no? LOL
Cayman Islands is an offshore tax haven. Those securities would be owned by rich Americans with accounts there.
by the way good for about 61 thousand Cayman Islands inhabitants to hold a quarter of a trillion, no? LOL
LOL "rich Americans" as in "the Kremlin":Cayman Islands is an offshore tax haven. Those securities would be owned by rich Americans with accounts there.
Mixing up cause and effect.Oh boy, another Efficient Market acolyte. If the market is so efficient, it wouldn't crash ever so often (want to buy a tulip?) and there is no need for the “Greenspan Put”. Western countries were able to industrialize because they robbed so much wealth from the rest of the world.
Mixing up cause and effect.
And the "efficient market" is not important if China want to stay on the level of 20-50% of the per-capita economical performance of the USA/Europe.
In that case it will do nothing else just copy over with time lag the copy able parts of the systems developed by other countries , and the GDP level will depend on the information flow between those countries.
nownow I read
"China capable of coping with the reduction of US imports
After the increase of US tariffs on Chinese goods, China will significantly reduce the import of US soybeans. However, China is fully capable of coping with the import gap of soybeans, according to China’s National Grain and Oils Information Center.
The countermeasure of China imposing a 25 percent tax on US soybeans will cost an extra 700-800 yuan ($105-120) per ton, while Brazilian soybeans will only cost around 300 yuan ($45) per ton. In fact, the prominent competitive disadvantage of US soybeans has resulted in the cancelation of 615,000 tons of imports for three weeks by June 28, according to an expert from the information center.
South America is expected to see a significant expansion of its soybean industry due to the Brazil soybean harvest this year. Also, countries along the “” will likely expand planting operations, the expert added.
In addition to broadening the overseas sources of soybeans, this is a great opportunity for China to increase domestic soybean production and look for soybean substitutes.
The highest futures of US soybeans on the Chicago Board of Trade have dropped 14 percent, which suggests a heavy potential loss for US soybean farmers.
In the past 20 years, some 85 percent of the global soybean trade came from China, and China will continue to remain the main engine, but China’s gains will unlikely be passed onto US soybean farmers."
link:
Chinese companies are confident in securing overseas supplies of soybeans and soybean meal substitutes to counter the fall in imports of U.S. soybeans, according to industry insiders.
A survey of related firms points to widespread readiness and proactiveness in the industry as Chinese firms turn to more competitive suppliers from South America and other parts of the world.
During the May-August period, over 36 million tonnes of South American soybeans arrived in China, with more to come in November.
State-owned grains trader COFCO has made inquiries on canola, cottonseed and sunflower seed meals with countries including India, Canada, and Ukraine to fill in the gap left by reduced U.S. imports, said Zhao Changjiang, an official with the company.
Canadian canola meal could be an option for Chinese animal feed demands as it is cheaper, according to Liu Yueshu, deputy general manager of operations at Zhongken Guobang, a major soybean processing enterprise based in Tianjin.
"Canadian canola meal set to arrive in December is priced at about 2,300 yuan (about 334 U.S. dollars) per tonne, 150 yuan cheaper than that traded under the January 2019 futures contract at the Zhengzhou Commodity Exchange," Liu said.
The industry is also adopting nutritionally equivalent soybean meal substitutes thanks to technological advances.
"Soybean meal is not the only source of protein in animal feed," said industry analyst Wang Changmei. "Meal from canola, cottonseed, sunflower seed, peanut and palm kernel can all be substitutes."
Peanut meal, for example, contains more crude protein than soybean meal, Wang said.
Current reserves of soybeans are also sufficient.
A price drop in pork has seen a dampened demand for soybean meal since May, with 400,000 tonnes less per month than expectations. China's reserves of imported soybeans are expected to increase by 3 million tonnes from the same period last year by the end of September.
The country's soybean processing firms will have relatively ample supply of raw materials before next January, industry estimates showed.
Mixing up cause and effect.
Best part of Europe was under Turkish occupation prior of the industrial revolution.
At the same time you can compare the Spanish empire with the British one, and the difference will be striking.
And don't forget, every country (western or not) behave by the same way, Japan wasn't capable to invade Manchuria , without the technological advantage learnt from the Europeans.
You can argue about that the Japanese Damiyos was very peacefully prior of meeting the Europeans, and they cached the animal spirit from them.
Or as an alternative explanation (and more probable) every country try to dominate above other countries , and the more advanced more capable to do that.
And the "efficient market" is not important if China want to stay on the level of 20-50% of the per-capita economical performance of the USA/Europe.
In that case it will do nothing else just copy over with time lag the copy able parts of the systems developed by other countries , and the GDP level will depend on the information flow between those countries.
In that reading the trade war is the biggest danger for China, because its capability to copy will be seriously restricted.
OR, China can develop its own market based institutional system, and can left in the dust the USA/Europe : )
As far as I can tell from those charts alone, the authors are arguing simply that certain amounts of the Russian holdings sold off recently *may* have gone to Belgium and Cayman Islands, since they show increases in the same period. Maybe you can provide some text with those charts that shows otherwise, but there's nothing above which indicates the Kremlin owns accounts in the Cayman Islands.LOL "rich Americans" as in "the Kremlin":
it's funny how you try to be funny by pretending not to have understood I was jokingAs far as I can tell from those charts alone, the authors are arguing simply that certain amounts of the Russian holdings sold off recently *may* have gone to Belgium and Cayman Islands, since they show increases in the same period. Maybe you can provide some text with those charts that shows otherwise, but there's nothing above which indicates the Kremlin owns accounts in the Cayman Islands.