US paratroopers going to middle-east

The Pentagon has ordered about 2,000 soldiers from the Army’s 82nd Airborne Division to begin moving to the Middle East to give President Trump additional military options even as he weighs a new diplomatic initiative with Iran

The New York Times

I was wondering what are chances that troops are assembled but won’t be put in use.

Paratroopers are meant to be deployed for ground operations. It’s not just bombing around.

I ask ChatGPT to summarize precedents that troops were assembled but didn’t act.

2013 Syria. The U.S. moved forces into position for possible strikes after Assad’s chemical-weapons attack, and Obama said he had decided to take military action, but then paused for congressional authorization and the strike never happened. That is probably the clearest modern example of “assembled and ready, but ultimately did not act.”

2023 Eastern Mediterranean after Oct. 7. The U.S. surged the USS Gerald R. Ford carrier strike group to the eastern Mediterranean explicitly “to deter” escalation. That force was assembled in-theater as a warning and stabilizer, not for an immediate attack. Reuters later described its role as helping prevent a broader regional conflict.

1994 Kuwait / Iraq (Operation Vigilant Warrior). The U.S. rapidly deployed substantial forces after Iraqi units moved toward Kuwait. President Clinton later said the speed of the deployment helped Iraq “get the message,” after which Iraqi forces withdrew and U.S. combat troops began going home without a war.

1988 Honduras (Operation Golden Pheasant) also fits the pattern: U.S. troops were rushed in after a cross-border crisis with Nicaragua, but the deployment functioned mainly as deterrence and the situation de-escalated before major combat.

And cases when that US already went into war/conflict, but only air strike etc.; then troops for ground operations were assembled but didn’t use.

Kosovo, 1999. The U.S. and NATO were already in an active air war against Yugoslavia in Operation Allied Force. After the bombing campaign started, the U.S. deployed Task Force Hawk to Albania — an Apache-heavy Army force built for possible attacks on Serbian ground forces in Kosovo. But despite being assembled in theater for that purpose, the Apaches never flew a combat mission and the task force never fired a shot in combat before the war ended. That is probably the closest precedent to “already fighting from the air, ground-capable forces assembled, but not used.”

A second, somewhat broader example is Desert Storm, 1991. The coalition had already begun the air campaign against Iraq on January 17, 1991. Meanwhile, a very large U.S. Marine amphibious force was assembled offshore in the Gulf; official Marine Corps history says the 4th and 5th MEBs plus the 13th MEU formed the largest Marine combat landing force since the Cuban Missile Crisis. But the expected amphibious landing into Kuwait never happened. Instead, the force was used mainly as a threat/deception tool to pin Iraqi forces while the actual main ground offensive came from elsewhere.

88% drop in new household mortgage Jan-Feb 2026 vs 2021

In the first two month of 2026, China households increased mid-to-long-term borrowing by 165.4 bn rmb, vs 1356.1 bn rmb in the first two month of 2021.

That is a decrease of 88%.

Households’ new mid-to-long-term borrowing is mostly associated with mortgages / housing purchases.

Details below.


Feb 2026 – PBOC

前两个月人民币贷款增加5.61万亿元。分部门看,住户贷款减少1942亿元,其中,短期贷款减少3596亿元,中长期贷款增加1654亿元;

Feb 2021 – PBOC

2月份人民币贷款增加1.36万亿元,同比多增4529亿元。分部门看,住户贷款增加1421亿元,其中,短期贷款减少2691亿元,中长期贷款增加4113亿元

Jan 2021 – PBOC

1月份人民币贷款增加3.58万亿元,同比多增2252亿元。分部门看,住户贷款增加1.27万亿元,其中,短期贷款增加3278亿元,中长期贷款增加9448亿元

China CPI is the strongest in years

Little inflation is a sign of weak economy, which China has been criticized for past few year.

That has changed.

China’s past 3-month core CPI (excl. food and energy) is the best in years, after February core CPI of 0.7% MoM.

The yoy number of 1.8% in Feb is also the highest in years – even higher than 1H of 2021.

Chinese policymakers kept their annual consumer inflation target steady at “around 2%” for 2026. Although China hasn’t seen 2% CPI for 3 years since Jan 2023, 2026 looks to be closer.

China: dominating renewable additional, but biggest oil net importer

Despite that

1/ Solar is now the dominant form of global capacity additions, comprising 60% of new capacity in 2024

2/ China is a renewable energy juggernaut: it now accounts for 50%-60% of all global new renewable capacity additions.

3/ Most renewable supply chains go through China.

It doesn’t change the fact that China is a big (and biggest) and growing net importer of oil. In 2024, China imported about 11.1 million barrels/day of crude oil.

 

Random action’s profound impact

A random thought while drying my hair –

Whether your hair (bangs) goes left or right is probably determined by which hand you use to hold the hairdryer in the first place / mostly of the time.

Actually, for me at least, I never change that choice of hand.

The more I use one hand, the easier to use that hand again. I feel awkward to use the other hand.

Thus that (always using the same hand) will pretty much determine how my hair parts.

Notes of Paul Tudor Jones (PTJ) on AI bubbles

Paul Tudor Jones on the AI Bubble Debate by Bloomberg

The only way to reduce debt to GDP is to have obviously nominal growth exceed your interest rate.

– Paul Tudor Jones

Here are notes for Paul’s interview and my opinions

  • Today feels like Oct 1999, but if this is a bubble, it’s a small one. Past bubbles ran 400–600%. Nasdaq is “only” ~200% off the bottom. Blow-off possible, not inevitable. [I agree; see my previous post Is it like internet bubble? in October]
  • Key bull case: rates. If Fed funds fall toward ~2.25–2.75%, that’s powerful fuel for equities. Markets look 6–9 months ahead, not at today’s data. [Sure]
  • Difference vs 1999: companies are profitable. [I don’t agree; I believe AI model companies like OpenAI etc. are losing a lot of money; let’s see when they publish numbers for IPOs]
  • Risk isn’t traditional leverage like in margin accounts — it’s derivative leverage: options, leveraged ETFs (up 250% from 2022 bottom), and trader-driven equity flows. [Very real]
  • Jones stays a trend follower. Recently, gold & silver > Bitcoin despite massive crypto inflows. He now expects precious metals to outperform crypto into year-end. [I wouldn’t agree back then; but I would be very wrong, so far]
  • Bond vigilantes were held in back; money debasement happened in gold and bitcoin instead. [True]
  • Biggest risk: concentration everywhere — stocks, investors, and policy power. [Agree]
  • Bottom line: short-term cautious, but Paul believes markets can be substantially higher by year-end. Likely long: Nasdaq. Short: Bonds.

Sea change?

1/ FSD approval in China.

I have seen various posts on Chinese social medias that Tesla FSD is being updated in China. Not many news mentions though. This was previewed by Elon Musk back in Nov 2025 and recently in Davos.

2/ TikTok US deal finalized

3/ Trump Administration Pushes Out Key Officials Focused on China Tech Threat – WSJ

4/ Medtronic and Mindray North America broaden strategic partnership

5/ H200 China approval after US approval

6/ BYD and ExxonMobil signed a long-term strategic cooperation memorandum on 26 January

 

Edit:

Jensen Huang on Jan 29 said H200 has yet to be approved in China.