I'm missing something. Wouldn't you only sell to the US at $70 if that was above what you could get in the private market? And if the US was paying more than the private market, how is that a profit for the taxpayer?

YESSSSSSSS, this is the 'Our Man in the Politburo' column I have been waiting for 🔥🔥🔥

This is true ⬇️

35 year ago today! images.app.goo.gl/ZZhzNovrtHX264…

'American leaders once wanted China to be rich: 'strong, peaceful and prosperous,' as President George W. Bush said in 2002; 'strong, prosperous and successful,' as President Barack Obama said in 2009. Times have changed.'
Greg Ip
on.wsj.com/3S7ZEpf

Word counts are an admittedly simplistic tool, but I do think these accurately capture the drift of both official rhetoric and actual policy in China over the past 15 years. Xi's message is not hidden but out there in the open.

a little self-reflection from the IMF.
Imagine anyone on #fintwit producing a chart like this 😉

Greg Ip Harriet Torry Anthony DeBarros Larry Summers' predictions work with long and variable lags :)

Xi became China’s most formidable leader in decades through a campaign of anticorruption purges. Few are beyond his reach. wsj.com/articles/xi-ji… via The Wall Street Journal

Consensus has now moved to the view a recession is likely next yr. The avg recession involves a 3% point increase in unemployment. The most benign involved an extra 1.5 % unemployment. Fed forecast of 4.5 peak is looking implausible. 6 seems a better guess wsj.com/articles/econo…

A recession is now the base case. Economists surveyed by The Wall Street Journal on average put the probability of recession in the next 12 months at 63%. See our latest survey, by Harriet Torry & Anthony DeBarros wsj.com/articles/econo…

As the dollar strengthens should countries actively support their currencies? My blog with Pierre-Olivier Gourinchas:Given the sizeable role of fundamental drivers let the currency adjust & preserve foreign reserves for more sizeable market disruptions on the horizon. imf.org/en/Blogs/Artic…

A 35-year-old index shows how inflation for the elderly has gone from above to below average, says Numbers columnist Josh Zumbrun wsj.com/articles/retir… via The Wall Street Journal