Good Morning from Germany, where the China shock is becoming a serious industrial threat. Germany’s 12mth rolling trade deficit w/China has blown out to a record €102bn. At the same time, China is exporting more than 1mn cars a month, while weak domestic demand forces its industrial overcapacity onto world markets. Germany once supplied China w/cars and machinery. Increasingly, the flow is reversing.
🚨🇺🇸 TRUMP: FOR AI, YOU NEED ELECTRICITY
"If somebody like this Marxist gets in, I really don't believe it can happen. But if that happens, we're not going to be able to compete with anything.
Do you know that for AI, you will need more electricity? You will need more electricity than we have right now for everything. See the strip behind us and this big building—it’s all lit up, everything in the United States.
You'll need double the energy we produce right now just for that one industry if we're going to be the big player and dominant.
If I'm president, we'll be able to do it, and we'll do it through natural gas, which is clean, and we'll do it primarily through natural gas and nuclear."
Source: The Shawn Ryan Show @realDonaldTrump
Paramount Global is moving ahead with asset disposals to raise cash, amid the ongoing takeover saga involving the media company https://t.co/UOZeP8DKDt
Bitcoin rode out a surprisingly strong US inflation print that roiled global markets by dimming hopes for rapid interest-rate reductions https://t.co/XVH2SpaYiF
Historically, bubbles "don’t softly correct and then are off to the races six months later. You typically see a major correction, you know, 50% or more. And typically it comes with an overshoot," said Dan Suzuki of @RBAdvisors - @StephLandsman https://t.co/crpCwCr8dk
THREAD - @Polkadot#PolkadotDigest 13 Apr 2022
#Polkadot News
Unique Network has won the most recent parachain slot auction and will onboard in Lease Period 8. https://t.co/P5ngIre0ue
ICYMI: This Frenchman farms oysters specifically for Valentine's Day. Christophe Guinot grows oysters shaped like hearts. How he does it is a trade secret
WATCH: Syrian dancer Mohsen al-Abdallah started dancing as a hobby. The law graduate has now turned pro embracing an occupation largely seen locally as socially unacceptable for men