Tag Archives: bankruptcy

Bits and Pieces – 20181220, Thursday

Commentary

Continuing system instability causing loss of video and the internet due to mainboard problems has resulted in the loss of a body of text that I had assembled around the arrest of Huawei CFO, Meng Wanzhou and other topics.

Initially I considered that Meng’s arrest was illegal and was puzzled that a local crown attorney could arbitrarily execute it. It must go deeper suggesting that some level of government would be involved. As a friend observed and subsequent reading confirmed that the arrest and detention of suspects for which there is an outstanding warrant in the US is a matter of existing treaty or understanding. Still, an arrest of this significance had to be cleared at the highest level of the Canadian government.

I had gathered some links to the blow-back on Canada which are now lost but they involve the detention by the Chinese of two Canadians (three as I get ready to publish) and the loss of the Chinese market to Canada Goose clothing company. One source has suggested that the extradition of Meng could take years. Such happens when illegal aliens in this country who commit crimes, are almost impossible to be deport. Should the deportation occur quickly it would throw big questions at the Canadian judicial system. In any case, trying to write a rational analysis of a situation dependent on what is gleaned from visible sources is fraught with problems. So here are two analyses by other sources that are worth reading if the topic interests you:.

The first is Larry Lindsey: Something About The Huawei CFO Arrest Doesn’t Make Sense and the second is The Trade War Distraction: Huawei And Linchpin Theory.

Why the Fed Is So Wound Up

There is endless talk about the Fed exiting from the QE-induced asset bubble on its balance sheet. We will show what the Fed can and cannot do to unwind its balance sheet. First some background data from its balance sheet in terms of assets and liabilities. The balance sheet is a wonderful tool for understanding what can happen, what can’t happen, and the corner the Fed has painted itself into.

Ontario Is Not California

A comment comparing Ontario’s fiscal situation to California’s recently hit the news (e.g. Ont. compared to cash-strapped Calif.) It was meant as a warning to Ontarians. After some debate, we’ve decided to weigh in on the issue. The issue raised above centers on a comparison of California’s fiscal situation, among the worst of all the states in the US, to Ontario’s. As we shall see, California’s situation is significantly better than Ontario’s. To make the issue clear, we reverse this statement: Ontario’s situation is significantly worse than California’s. To find out why, read on.

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