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Chartbook #120: St Javelin, Lockheed & the arsenal of democracy

If there is a weapon that symbolizes the war in Ukraine, it is the FGM-148 anti-tank infrared guided missile also known as Javelin. Images of St Javelin which shows Mary Magdalene holding a Javelin launcher in the style of an Eastern Orthodox church painting have become memes. Sticker and merchandise sales from the official site have raised over $800k for Ukraine’s resistance. The portable, highly accurate Javeline missile allows small teams of infantry to take on armored columns at ranges of up to 4 kilometers. It fits perfectly with the David and Goliath narrative of

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Chartbook #119: Lend-Lease & Escalation

Containers of Dodge trucks awaiting shipment to Russia under the lend-lease agreement, August 1943. Library of Congress, Washington, D.C.; Alfred T. Palmer, photographer (LC-USE6-D-002838) In 2022, we wait with bated breath to see how Putin will mark “Victory day”, the day of celebration that marks the Soviet Union’s defeat of Nazi Germany. Meanwhile, in Washington DC as well, they are summoning the ghosts of the past. If Putin evokes the Great Patriotic war, on our side the references are to the Cold War, World War II, the spirit of the enlightenment, ancient battle of democracy

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Chartbook #118: China’s growth prospects

The shift in Western discourse on China over the last five years has been dramatic. Trade wars, tech wars, COVID, Xi Jinping’s crackdowns, the real estate bubble, Omicron and now Putin’s war have all contributed. On this shift hinges our entire outlook for the global economy and world affairs more generally. The front page of the FT this weekend was full of China gloom. Faced with a cumulation of difficulties local commentators are so concerned that remarkably critical remarks are leaking to Western media Weijian Shan, a veteran China investor, said in a recent recorded

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Chartbook #117: Nazi billionaires

Source: Harper Collins Journalist and historian David de Jong started work at Bloomberg just shortly after Zucotti park was violently cleared of protestors, on the orders of Mike Bloomberg, his new boss. As he describes it: In the wake of the previous years’ financial crisis, the tension between the 1 percent and the 99 percent was palpable around the globe. Though I was hired to cover American business dynasties such as the Kochs and the Waltons (who control Walmart), I was soon asked to add the German-speaking nations to my beat … This provides the

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on twitter

RT @PRoufos: "Money is always suspended between trust & violence". Great presentation of @stefeich's just published book, "The Currency o…

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RT @ThiagoKrause2: Muito boa a contextualização do @adam_tooze. O dado mais chocante pra mim foi que 90% das crianças mortas por armas de f…

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@JPHampstead @Alex__1789 Without naming the author, at least as far as I can see.

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on twitter

RT @PRoufos: "Money is always suspended between trust & violence". Great presentation of @stefeich's just published book, "The Currency o…

Read More »

RT @ThiagoKrause2: Muito boa a contextualização do @adam_tooze. O dado mais chocante pra mim foi que 90% das crianças mortas por armas de f…

Read More »

@JPHampstead @Alex__1789 Without naming the author, at least as far as I can see.

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