MacroVoices #363 Lakshman Achuthan: Immaculate Disinflation Debunked
Macro Voices
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Ukraine Is the First Proxy War in a New Cycle
I don't think this Ukraine thing has very much to do with Ukraine. This is a proxy war that has to do with a new appetite for conflict between the world's major superpowers, United States, China and Russia. And it feels to me like it's just the beginning. I can't figure out what the cycle is. Can you help me? Well, I'm not a geopolitical expert. One thing we should notice is that China hasn't been in recession since Tiananmen Square. So now they just had a recession. That's not comfortable areas for them at all.
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