On a more anecdotal note, there are strong suspicions that the new siege of the Organization of the African Unity, built by the Chinese, is already full of spying and surveillance technique. Of course, the Chinese are denying all involvement. Advertisements
The Americans are looking more and more to the growing Chinese influence in Europe. All this while several European leaders are constantly going to China. The last one being an unhappy British Prime Minister, touting an uneven golden era in British Chinese relationship.
This is why the world was not really disturbed by the current stock market volatility. But with Italy and Greece at their best performance for a decade, the ECB will have to stop the “printing machine” and sooner or later raise the rates.
Or should we see last week stock market “volatility” as the first signs of the new age of inflation, with all the uncertainty associated, and the end of the 35-years cycle of low inflation ? Welcome to the new world of uncharted territories.
Hope so. Though not very convinced by the higher wage hence higher inflation explanation. Wouldn’t be related to this ?
Less than a year in power, the French President is already more than a promise, almost a certitude. But it is also legitimate to ask if he’s more style than substance. Like Der Spiegel does.
The remarkable Charles C. Mann asks the legitimate question : can the Earth feed 10 bn ? The UN is projecting 9 bn for 2050, but knowing the afterwards is almost pure speculation.