Posts by ProfessorJTan
newrepublic.com/post/208820/...
The Latin Patriarch of Jerusalem, Cardinal Pizzaballa -- “God is with those who die in war, not with those who abuse his name.”
www.vaticannews.va/en/church/ne...
Pope Leo XIV's first major document, his apostolic exhortation, Dilexi te, signed on 4 October 2025 and officially released on 9 October 2025
www.vatican.va/content/leo-...
unfortunately :-(
www.reuters.com/world/pope-l...
My latest op-ed in UCANews on how Pope Francis has transformed the papal conclave which will elect his successor, and what this means for the Papacy going forward
www.ucanews.com/news/conclav...
@tisharajendra.bsky.social -- and don't overlook the rest of her own extended family from parents down to relatives ...
@bleaktheology.bsky.social amen to that! I am just fortunate that in my past life I was a banking law prize winner in law school and had a career in banking and corporate finance law before my conversion experience and seeing the light 😂
@bleaktheology.bsky.social In the past, this would be mutually destructive to China because it would destroy the value of China's forex reserves, etc. But with Trump's sky high tariffs, perhaps we will see the bond market armageddon that experts theorise actually happening before our eyes.
@bleaktheology.bsky.social As interest rates rise, the US debt obligation worsen as US govt has to pay a lot more interest on the same debt -- you can imagine the doomsday scenario when interest rates shoot through the roof and become unsustainable for the US
@bleaktheology.bsky.social we see that happening in real time with Tesla vehicles -- oversupply such that prices have to be cut and incentives offered to persuade people to buy Tesla vehicles. Same with Treasury Bonds. As prices go down, interest rates have to go up to persuade people to buy them.
@bleaktheology.bsky.social But pushed into a corner, those Treasury Bonds can be weaponised. When China dumps US Treasury bonds on the global market, it is like a supplier dumping a product. The end result =US treasury bond prices will decline as there are more bonds than buyers willing to buy them.
@bleaktheology.bsky.social So China uses it to buy US treasury bonds -- in effect China is subsidising US consumption (think drug pusher lending money to drug addict to buy even more drugs). Now, with all that growing stash of US Treasury Bonds, China is happy to collect some interest.
@bleaktheology.bsky.social - China is the 2nd largest holder of US treasury bonds after Japan, which holds the most US treasury bonds. China gets lots of USD from selling stuff to the US. All that USD entering into China has to go somewhere. The US doesn't produce enough of what China wants to buy.