Donald Trump’s 60% solution
Someone has to talk Donald Trump down off the ledge.
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President Biden provoked Russia’s attack on Ukraine by proposing to bring the former Soviet republic into NATO, former President Trump Donald Trump told the popular “All In” podcast June 21, a bombshell statement unreported by mainstream US news media.
Germany must find its place in a multipolar world, argues German conservative leader
Contrary to a meme that’s popular among Western policy analysts, there is no Chinese “export surge.” China’s exports to developed markets have stagnated for years, but have doubled to the Global South.
The US auto industry overcharges consumers for motor vehicle parts, while pricing vehicles outside the range of most US households. That keeps profit margins high on new vehicles. Sales of new passenger cars and trucks are stagnant, but the industry compensates by selling expensive parts to consumers who keep their vehicles on the road longer. The cost of a new car has risen by about 40% since 1991, while the cost of repair parts has nearly doubled, as the above chart shows. The cost of auto repair, meanwhile, has tripled.
Inflation that peaked at 18% and remains above 8% explains disastrous polling results for President Biden – especially in seven key swing states where Biden has lost support in every demographic segment, notably among minority men.
This article is published here as a preview of the week’s Global Risk-Reward Monitor.
(Note: This report is a preview of the Asia Times Global Risk/Reward Monitor issue of March 13, 2024.)
China’s telecom stocks, a proxy for the value of industrial automation, turned in the best performance in China’s CSI 300 Index of mainland large-cap stocks during February. The telecom subindex of the CSI 300 rose by nearly 20% as of Feb. 20 from its January 17 low.