What countries are running out of fiscal space? To see that, you mustn't look at absolute 30-year government bond yields (lhs), as those are up everywhere. Look at 30-year trade-weighted differentials (rhs). The UK, Japan and Euro periphery are in trouble.
https://t.co/FvZ25PC6OH
Strategic autonomy is not achievable through a rebellion of minions, but through policy action the Europeans have been unwilling to make. I am not sure the Europeans are fully aware of the likely consequences of their decision to deny overflight rights to the US or the use of joint bases. Marco Rubio said the US will reexamine the future of the alliance when the war is over. It looks like the Europeans have lost their last supporter in the US administration.
https://t.co/xhrTyJS1Hq
The EU is exploring the creation of a Western steel alliance with the U.S. and the U.K. to counter China’s industrial overcapacity, EU Trade Commissioner Maroš Šefčovič confirmed today.
https://t.co/wcVpDa2v2j
Just this week in its 15th Five-Year Plan, Beijing elevated AI to a “New Quality Productive Force.”
This is Party-speak for turning Intelligence into a state-funded public utility.
This vision is backed by a staggering surge in energy infrastructure. By the end of 2026, China’s total installed capacity is forecast to hit 4.3 TW, nearly quadruple that of the U.S. (1.2 TW) and Europe (1.0 TW).
China has created a strategic buffer so immense that even if AI demand triples overnight, the power is already there to serve it.
While Western electricity generation remains stagnant, China’s has rocketed past 10,000 TWh.
Can you see what this means for Europe, where it can take up to 15 years for a data centre to connect to the grid?
@Mylovanov@grok is this thread true or fake news? Who is the author? Is his analysis of Ukraine / NATO / Russian matters generally verifiable and accurate or tendentious and partisan?