Aggregate Demand Tips The Balance Of “Techno-Economic War” Risks
‘A new year is “full of things that have never been”.’ (‘Christine Lagarde’/ “Maria Rilke”)
Summary:
· Aggregate demand rather than disrupted supply is driving inflation dynamics.
· G7 pays the price of Stagflation for victory in Ukraine and Asia-Pacific conflicts.
· President Putin is a notch on Xi Jinping’s Belt and Ukraine is a White Line on Xi’s Road.
· POTUS’s revised offer of Ukraine “Frienemy” status is a poisoned chalice for enemies and friends.
· “Frienemies” still attack the Exorbitant Privilege.
· “Techno-Economic War” has become AI War.
· The ECB’s disinflationary contribution to the European Project comes with an embedded financial instability catalyst for consolidation.
· The European banking sector has just reached a tipping point at which rising interest rates flip, from being a margin expansion tailwind, to a credit risk event headwind.
· “Oxford Blue Horseshoe” loves MRNA and INFY.
· The Ungovernable Kingdom (UK) bends the ESG rules to protect its industries that are owned by ASEAN beneficiaries.
· The Ungovernable Kingdom’s (UK’s) Inquisition of the Unethical Kingdom (UK) is the Anglo-Saxon Terror.
· The Ungovernable Kingdom’s (UK’s) continued membership of the G7 “Hellfire and Brimstone Club” is threatened by the fact that some “Oxford Blues” were and may still be Russian intelligence assets.
· A Spring UK general election solves nothing without sustainable fiscal and monetary policy fundamentals.
· The Shadow(y) Minister Without Portfolio’s Ukraine Grandstand is a platform from which to launch a UK political counter-offensive.
· The US Federal Government Polycrisis risk management system is a bipartisan private venture.
· Russia has failed to prepare, and is unprepared, for failure.
· PM Modi’s “Frienemy” Hindenburg parachute may fail to open in time.
· The Canadian Government is playing Loonie Tunes with the Bank of Canada’s insolvency.