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The story around China issuing USD-denominated sovereign bonds in Saudi Arabia is generating an enormous amount of buzz in China, and could potentially be immensely important. I strongly suspect it's a message to the upcoming Trump administration. Let me explain what seems to…
Yes
Going to business school to become an entrepreneur is like reading a book about basketball history because you want to join the NBA.
Today, 11.11, or Double 11, or Singles Day … is the world’s biggest shopping day, pioneered by Alibaba in China … a crazy, gamified, live-streamed, entertainment-driven retail event … driving over $150 billion sales, 10 times more than Black Friday: queue-it.com/blog/singles-d…
Germany economic decline started around 2018, but its deep causes date back a long time. This is the story of my book, Kaput, published by Swift Press today. This is a story of how something that is unsustainable ends.
It has never been more important to understand the history of Iran. Listen @EmpirePodUK as we tell the story of the Iranian Revolution podcasts.apple.com/in/podcast/120…
Extraordinary response to our @EmpirePodUK Iranian Revolution Quartet with @aa51_ansari: last week we had an astonishing 630,000 downloads. This is really becoming a movement: so many people around the world wanting to understand the history they simply weren't taught at…
"In 2005...Paul Otellini, Intel’s chief executive at the time, presented the board with a startling idea: Buy Nvidia, a Silicon Valley upstart known for chips used for computer graphics. The price tag: as much as $20 billion... But the board resisted...Intel had a poor record of…
Fascinating paper that profoundly challenges the dominant deglobalisation narrative. Instead globalisation - or slowbalisation at most - is Chinafying, growing more unbalanced as China exports its way out of its woes. With lots of policy options for the US (+EU) how to cope.
Globalization rolls on – but it is the wrong king of globalization, as it continues to be driven industrial scale corporate tax avoidance and China’s need to export its own imbalances. See my new Aspen Economic Strategy Paper for the full argument 1/ economicstrategygroup.org/publication/se…
Even the article you've linked to gets the year wrong by 10 years. Unserious.
Certain events cast long shadows: If successive Canadian Government ‘s would have handled the investigation into the Bombing of AI-182 Kanishka that exploded mid air on 23 rd June 1985 killing 329 people including 268 Canadian citizens, 27 British Citizens & 24 Indian…
If you are going to impose 50% tariffs, you need to make sure you have a viable industry to protect. That’s not the case with solar, where the poorly-targeted and disjointed nature of support means that plants in the US are now closing every month. bloomberg.com/graphics/2024-…
How did the US invent solar power and dominate it for 60 years, before giving it up to China over the past decade? The answer is, IMO, quite different to the stories we have told ourselves in recent years. And it has important lessons for the future.🧵 bloomberg.com/graphics/2024-…
CrowdStrike CEO is getting pummeled for his response to the global outage. Why everyone hates it: 1) WEAPONS-GRADE CORPO SPEAK Let’s be clear. Legalese doublespeak is designed to dodge and obfuscate rather than inform or communicate. This statement was obviously written by a…
Not like Europe doesn't subsidize its auto sector. nasdaq.com/articles/europ…
COLUMN: Europe can't give in to sentiment over farming (and Ibérico ham) when it comes to supporting its auto industry against subsidized Chinese electric vehicles | @Opinion #EnergyTransition bloomberg.com/opinion/articl…
Chill Dai. Indian policy makers do know the facts and are pretty sophisticated about what is happening on the border. Don't let Twitter trolls fool you. youtu.be/zaM0C9NunEg youtu.be/91AIoXGdnw4?fe…
This is how the Xiaomi Automobile Super Factory manufactures their EVs. Apparently, they can producing one SU7 every 76 seconds!
Amazing chart by @TheEconomist There is almost a perfect correlation between #Vietnam's increase in exports to the US and its increase in imports from China. It's a great example of pseudo-decoupling. Remind me again how this fits in the "deglobalization" narrative?
I'm convinced most of the PR advice in my previous jobs in big tech was wrong. The consistent advice was to 'answer-bridge-communicate'. To deflect a hard question and to pivot to a talking point. I now think that's a waste of time for all parties. You're better off A) Not…
If, as Gavekal suggests, 60-75% of prima facie decoupling is not really there, then we really don't disagree on what's happening right now. Many Chinese goods are rerouted through other countries, or completed with minimal value-add. That's our whole point!
Great note from @HyunSongShin et al on how companies in Asia ex-China have "interposed" themselves between Chinese suppliers and U.S. customers, creating illusion of "decoupling" w/out actually diversifying supply chains or increasing economic resilience: bis.org/publ/bisbull78…
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