@ivan_8848 We are in a multi-polar world, where the EU is a junior pole. Sanctions on Russia cut both ways. EU citizens have less choice of fresh fish at best prices, and Russians can't sell their fish to the EU. The EU leaders are blowing bricks.
@ZackPolanski Unlike China, the cost of money in the UK and the West is rising because future income to pay down debt looks problematic. Polanski can not ignore the "Liz Bond Event," but at least he is on the right subject.
@ProfessorWerner The issue for President Putine: What is the trade with the West that makes sense other than perpetual war. 40% of expenditure is allocated to war, of the 60% left for consumption, half is spent in Moscow and St P, That has been about the functioning since 1945?
@ianbremmer Whatever the miscalculation, the consequences of a closed Straight of Hormuz are dire for the global economy. Short of NATO war with Russia, the resolution of the Ukraine conflict is significant but not dire.
@PikettyWIL Return r is greater than growth g in the West because r includes a big share of monoply rent, the source of inequality.. Policies to reduce rent rather than fiscal transfers have been successful. In China.
@ricwe123 Europe is at the best flat lining. The EU-US was a driver of higher prosperity until 2008. Since then, the EU-US model has stopped working, but the political class has never considered the opportunity roadmap of E-W and N-S. However, China has.
@RichardJMurphy Unless the UK administration and business come to a vision for the future and a plan, the place for graduate career development looks weak.