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The Russia and Chinese Crises facing markets are of different magnitudes
(Bill Blain April 28, 2022)
Blain’s Morning Porridge April 28 2022 – The Russia and Chinese Crises facing markets are of different magnitudes
“Contradiction and struggle are universal and absolute, but the methods of resolving contradictions, that is, the forms of struggle, differ according to the differences in the nature of the contradictions.”
This morning: Ultimately the economic history books will record Russia’s invasion of Ukraine as a speedbump, and perhaps a triumph for a United Europe. The consequences of an Economic War with China could be much, much more significant!
The locus of market attention is no longer Ukraine – its China. The Middle Kingdom’s questionable lockdown strategies are raising a host of consequences and implications that are moving markets as strongly as Russia’s invasion of Ukraine did in February.
Earlier this week, markets tanked as new China lockdowns were enacted. It’s likely more restrictions will follow further stressing supply chains. Yet, it’s no longer really about Covid. It’s about the post-Covid, new geo-political economic future – and where we all fit in on that. Russia will likely prove a historical blip. In contrast, China will likely prove a much larger and longer-term headache for markets and the global economy.
Let’s compare and contrast the two crises:
The foul article you will find here: https://morningporridge.com/blog/nations/usa/the-russia-and-chinese-crises-facing-markets-are-of-different-magnitudes/
Symple
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