What We Are Watching: China’s National Outrage Machine

China's outrage against Swiss bankers – Paul Donovan, an economist at UBS and a former colleague of your Wednesday Signal author, ended up in hot water last week after he wrote that an outbreak of swine fever that had pushed up pork prices in China, "matters if you are a Chinese pig. It matters if you like eating pork in China. It does not really matter to the rest of the world." The Swiss bank put Donovan on leave after a nationalist tabloid picked up the story, unleashing a torrent of invective from angry Chinese citizens, industry groups, and clients. Although we're a bit puzzled at the intensity of the outrage, we're following this story closely. The anger of 1.4 billion people is a powerful thing, and if the US-China standoff over tech and trade continues to escalate, US firms could soon find themselves on the receiving end.

What we are ignoring: Trump on ICE

Trump's Deportation Threats – As Donald Trump revved up his official reelection campaign in Florida on Tuesday, he took to Twitter to vow mass deportations of "millions of illegal aliens" starting next week. We are ignoring this for two reasons: First, it looks more like a campaign trail stunt than a well-thought-out plan — the scale of deportations Trump envisions would require massive logistical coordination, and it's not clear that Immigration and Customs Enforcement (ICE) can deliver it — even if the federal force got help from local police, who may be reluctant to participate in mass arrests in their communities. Second, while this type of rhetoric may play directly to Trump's base, images of crying children torn from their parents will galvanize the president's opponents — and, in particular, the suburban women crucial to his 2016 victory. We're not ignoring the pain and trauma that mass deportations would inflict on immigrant communities if Trump delivers on this threat. We're ignoring a boast that's likely to prove a political bust.

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Does Boris Johnson strengthen or weaken the US-UK relationship?

Well I mean strengthens it in so far as he and Trump like each other. They're both oriented towards Brexit. They're kind of right-wing populists that aren't ideologically moored. But will it last? Boris could flip on a dime on any major issue as can Trump. So it's kind of volatile. Plus they both really love the media and when they're in front of each other with other people the potential to - I mean Boris upsets people and Trump easily takes offense. So this could easily go south.

Will Iran release the captured UK oil tanker?

I mean over time I suspect it will. But remember the UK has an Iranian tanker as well, so it's much more likely they work these things out together even if they're not explicitly linked, than suddenly the Iranians say, "Oh I'm sorry. Here's your tanker"

Will protests continue in Hong Kong?

It certainly seems that way. The question is what will China do about it? Xi Jinping is now saying that they are reaching the danger zone and the ability of the Chinese to hit back and hit back hard is real. I worry about those protesters.

Will Robert Mueller reveal anything new when he testifies on Capitol Hill?

I highly doubt it. He said very clearly that he does not intend to go beyond what was in his report. So Democrats looking for bombshells on collusion or obstruction are likely to be disappointed.

Can President Trump expand his electoral college edge in 2020?

Well he thinks he can. He thinks he can win in places like Minnesota and New Hampshire. I think it's more likely that he just hangs on to the Rust Belt states like Pennsylvania, Michigan and Wisconsin that got him there in 2016.

Should the governor of Puerto Rico resign?

Absolutely. Governor Rossello should resign. He's lost the confidence of the island. Puerto Rico needs a fresh start particularly after all these terrible text messages. He should definitely resign.

Finally for The Rant: today's rant is on Elizabeth Warren who put out a report today saying the economy is on the brink of collapse. It was very alarmist, certainly there are problems with the economy. Issues that could be fixed but she risks sounding like she's yelling fire in a crowded theater with calls like that.

"A regime willing to kill en masse to stay in power,' Karim Sadjadpour, an expert on Iranian, discusses the challenges facing the rise of democracy within the country.

Avi Loeb, The Chair of Harvard University's Astronomy Department, delves into the search for extraterrestrial life.