David A. Dayton

Chocolate, Ph.D China/Thai corporate culture anthropologist, คนไทยดอง, 鬼老. Jazz and Metallica.

[David A. Dayton @dvdd8n]

Maybe better entertainment than many actually soccer games! 😂🤣

[John Cleese @JohnCleese]

Eureka!! Hope you all are enjoying the World Cup

[David A. Dayton @dvdd8n]

@elonmusk Congrats man! You deserve this and more! Thank you!!

[David A. Dayton @dvdd8n]

Yes, LBJ has had the longest career.
Yes, Larry and Kareem and Wilt were great.

But... as a (Utah) fan I have to admit:

There is only one G.O.A.T.

Michael Jeffery Jordan!

[Super 70s Sports @Super70sSports]

Only four times in NBA history has a player led the league in scoring, won the MVP, led the playoffs in scoring, won playoff MVP, and was 1st Team All-Defensive.

Career leaderboard:

Michael Jordan, 4
Everyone else who ever lived, 0

[David A. Dayton @dvdd8n]

@EricLDaugh More of this!

[David A. Dayton @dvdd8n]

Father's aren't perfect. But we're necessary, and valuable. We generally shape future generations for good

Any ideology that says otherwise is evil Period

There is a reason God is referred to as our Heavenly Father--there is no calling/title/honor higher

Happy Father's Day!

[Sean Feucht @seanfeucht]

Generation cycles of fatherlessness are being broken.

This is what we need to celebrate this weekend in America.

Fathers of freedom are rising up. 🙏🏽

[Blume Industries CEO Balding 大老板 @BaldingsWorld]

I will never say America is without faults but you should wake up everyday feeling blessed beyond measure that we live in America

[David A. Dayton @dvdd8n]

This is what I voted for!

[DNI Tulsi Gabbard @DNIGabbard]

Today, on my final day as Director of National Intelligence, I’m releasing never-before-seen communications and documents exposing how Dr. Fauci provided millions in US taxpayer dollars to fund dangerous gain-of-function research at the Wuhan lab, worked with politicized elements within the Intelligence Community to suppress the truth about his actions and hide the virus’ lab-leak origins, and lied to Congress while under oath in 2024. It’s time you know the truth.

https://t.co/3YJSstB7d4

[David A. Dayton @dvdd8n]

As usual, excellent insider insights. Thanks @DesmondShum

TLDR: "The old model inflated apartments. The new model will inflate industrial capacity."

[Desmond Shum @DesmondShum]

The Great Rotation Beijing Wants

Goldman’s latest long-run China report points to an important shift in the household balance sheet: the slow decline of property as the core store of Chinese household wealth, and the gradual rise of financial assets.

That view seems broadly plausible.

China’s household portfolio is still overwhelmingly tied to real estate. Goldman estimates that property accounts for more than half of household assets today, but could fall by roughly 10 percentage points over the next decade. The offset would come from a larger allocation to equities, insurance products, and other financial assets.

This is not merely a market story. It is also a political-economy story.

Beijing has recently tightened the regulatory framework around outbound investment. The practical effect is to make it harder for Chinese savings to leave the domestic system. For a dictatorial state, this serves several purposes.

First, it gives the government greater control over household savings. Capital that cannot easily leave becomes capital the state can observe, regulate, tax, guide, and, when necessary, mobilize.

Second, it allows Beijing to redirect household money toward the financial assets it wants to support. In the old model, household savings flowed into apartments. In the new model, they may be pushed into financial assets aligned with state priorities.

We are already seeing early signs of this shift. Over the past two months, household deposits have fallen while non-bank financial assets have risen. That does not yet prove a durable regime change, but it is consistent with Goldman’s argument: once property no longer offers the old one-way bet and bank saving rates are at historic lows, capital must find another domestic outlet.

There are two market implications worth watching.

The first is Hong Kong. If China’s domestic financial market continues to rise because excess household savings are trapped inside the mainland system, what does that mean for Hong Kong? Historically, Hong Kong benefited from being the offshore escape valve for Chinese capital. That flow helped arbitrage the price differential between mainland and Hong Kong markets. If Beijing now blocks or narrows that escape valve, how will that differential behave going forward?

The second is capital allocation. Xi will not allow this surge of domestic capital to flow neutrally. He will direct it toward his preferred “strategic sectors”: semiconductors, AI, advanced manufacturing, robotics, defense-adjacent industries, and other areas tied to industrial policy.

That money will create real capacity. Much of it will almost certainly create waste. China already has an overcapacity problem. Locking household savings inside the system and then pushing them into state-favored sectors likely will make that problem worse.

This is the central tension. China may indeed be moving from a property-driven household balance sheet to a financial-asset-driven one. But in China, financial deepening does not mean market liberalization. It means household savings being pulled from one state-favored machine — real estate — and redirected into another: the industrial-policy machine.

The old model inflated apartments.

The new model will inflate industrial capacity.

[David A. Dayton @dvdd8n]

The only way that the MSM or anyone else, can’t see this is if they are stupid or ideologically/financially blinded.

It’s not even about politics—it’s just common sense/human nature/basic Econ.

[Victor Davis Hanson @VDHanson]

Europe is facing growing unrest as political leaders continue to dismiss public concerns over immigration, crime, and social cohesion. We examine the backlash spreading across Britain and the continent, the dangers of tribal politics, and why many citizens are losing confidence in their governing elites:

https://t.co/3gnCG4cx8W

[David A. Dayton @dvdd8n]

Good for them!

[ⁿᵉʷˢ Barron Trump 🇺🇸 @BarronTNews_]

🚨 JUST IN: Tonight’s Pride-themed game by Minor League Baseball team York Revolution has reportedly been canceled after players refused to wear rainbow jerseys, and this is exactly the kind of pushback people have been waiting to see from athletes who are tired of being forced into political messaging just to play the game they love.

Nobody should be bullied into wearing a symbol, repeating a slogan, or turning a baseball field into another culture-war stage because some front office wants applause from activists more than it wants respect for the players.

This is not complicated.

Let people live their lives, but stop forcing athletes, fans, and families to participate in corporate virtue signaling when they came to watch baseball.

The players had every right to say no.

Sports should bring people together, not be used as another pressure campaign to make everyone bend the knee.

Good for them for standing their ground.

MLB teams should pay attention and start putting the game, the fans, and player freedom first again. 🇺🇸

[David A. Dayton @dvdd8n]

@Englishremnant “In the beginning was the Word.”

It’s not just political strategy..

[Rob Schneider 🇺🇸 @RobSchneider]

Dear professional baseball players,
ANY player in ANY professional LEAGUE who is FINED by their league for refusing to be FORCED to participate in WOKE LEFTIST AGENDAS, who refuses to wear ridiculous uniforms (or cleats), @TPUSA and I will PAY any and ALL of your Fines!
You signed a contract to play baseball, you didn’t sign a contract to go against your deeply held Christian religious beliefs.
Baseball is our National Pastime, not Drag queen story hour.

Sincerely yours,
Rob Schneider and Turning Point USA!

[David A. Dayton @dvdd8n]

Nothing like a little ethnography to learn the truth.

[MERICA MEMED @Mericamemed]

If you want to hate America, watch the News. If you want to love America, DRIVE ACROSS IT!

[ZUBY: @ZubyMusic]

One of the craziest things about the UK rape gang scandal is that it's largely considered a 'right wing' concern.

In a sane, serious country, it would be completely bipartisan. In fact, it wouldn't even be seen as a political issue, but one of basic justice and morality.

[Matt Walsh @MattWalshBlog]

1) The US already collects FIVE TRILLION DOLLARS OF TAX REVENUE A YEAR. The idea that you need to collect even more taxes — when you parasites already confiscate the equivalent of Elon’s entire net worth five times over, every year — is lunacy. Stop wasting billions of dollars a month of stupid bullshit. How about that for an idea?

2) We do not need more children in taxpayer funded daycare centers. Our goal should be precisely the opposite of that. We need more women at home raising their kids.

[David A. Dayton @dvdd8n]

Hate the media. Not your neighbors!

[Brad Setser @Brad_Setser]

It is rare for a think tank paper to have any influence in your own country. Even rarer to write a paper (with @SanderTordoir) that ends of reaching (in my case) across the Atlantic!

(Pretty sure I know where this argument comes from ...)

1/

[China Beige Book @ChinaBeigeBook]

Another day, another scary 🇨🇳 surveillance/data vacuuming story:

"What truly transforms this surveillance is the system's capability for group analysis & relationship modeling.

Traditional tailing requires immense police resources. But modern "smart policing" attempts to visualize interpersonal relationships through algorithms.

In the dashboard's core, the system automatically generates intricate network graphs based on how frequently targets are captured interacting on camera, revealing exactly who knows who, & how much time they spend together"
https://t.co/gRK1BeQSNm

[China Beige Book @ChinaBeigeBook]

Every day, something new to talk about!

"A Chinese-linked hacking group spent more than a year secretly stealing data from US & Canadian academic, medical & military research institutions, before being ​detected, Google announced Monday"