America’s Bankers Give Xi A Lift

Cognitive dissonance, the ability of have inconsistent beliefs, seems to go with the job of running a major US financial institution.

As you read this, the CEOs of most major American banks[1], will gather in Hong Kong to attend a conference entitled “Navigating Beyond Uncertainty”, a meeting Xi Jinping need not attend since he eliminated any uncertainty about his personal future at the just-concluded party conference. The Americans will be guests of John Lee, a former police officer installed by Beijing as the city’s chief executive to wipe out democracy in the rebellious city, which he has succeeded in doing.