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
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 ?
It is now called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership : it seems that, without intellectual property provisions, it is even better. The shape of the things to come ?
China likes Germany and let it be known : Germany buys turbine blades for jet engines from China. It’s like a consecration for the quality of “Made in China”. It could also have longer term strategic consequences.
The US seems to use the Chinese island as a bargaining chip by voting the Taiwan Travel Act, while the Popular Republic is said to plan a reunification for 2020.