Trump is creating new enemies every single day. Some day, they will realise an ancient proverb: the enemy of my enemy is my friend, “which suggests that two parties can or should work together against a common enemy.” I doubt Trump cares about friendly nations. Retaliatory measures (eg, by Canada) against USA will only “prove” Trump’s point: friendly nations do...
Intro LO: The most important quote might be in the 5th paragraph below: “He noted that the number of marriages in China last year was less than half of the 13.47 million in 2013.” Note: bold & italic markings by LO. Source: Reuters, 10 February 2025, Marriages in China plunge by a record in 2024, fanning birthrate concerns Hence, China may not have enough...
Intro LO: Late October, I received an interesting and intriguing Bloomberg email newsletter, entitled De-dollarizing fantasyland. That Bloomberg New Economy article is stated below. I suppose this article is - ultimately - about trust, distrust and mistrust. The dollar may not be liked (eg, by BRICS countries). However, the US$ is trusted despite the 1971 comment by...
Country risk used to be a somewhat minor risk management issue in banking. Today, it has become a major issue in business' supply-chain management due to China (eg, zero-Covid policy) and Russia (eg, sanctions and nationalizations following invasion of Ukraine). Hence, this recent Bloomberg comment: "Hard evidence is now emerging that all the discussions of strained...
On 14 June 2023, the Henley Private Wealth Migration Report 2023 reported on the global outflow of millionaires and their destinations. The outflow top 4 shows: China, India, Russia and UK. The inflow top 6 shows: Australia, UAE, Singapore, USA, Switzerland and Canada. The reasons for leaving are ancient: (1) government/social stability, (2) taxation and (3)...
Axios Macro: The surprising fall in global inequality By: Neil Irwin and Courtenay Brown Date: 14 June 2023 "This century has known a startling decrease in global income inequality, bringing it back to levels not seen in well over a century. That's the conclusion that Branko Milanovic, one of the world's foremost inequality researchers, comes to in an...
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