Great data this morning on WSJ’s Daily Shot on whose money is exiting China. Whilst foreign capital moves in, the very large outflow is driven by domestic residents. A neat, important and urgent illustration of the weakness of the “Martkvolk” concept.
Chartbook #150: Why “cheap Russian gas” was a strategic snare but not the secret to German export success.
September 12, 2022
Right now German grand strategy is in the crosshairs of criticism. Germany is faulted for having appeased Putin. It is faulted for having neglected the