Another example of why I stopped reading the NYT years ago. Looking at Freddie's repeat sales HPI, house prices have been accelerating for past few months, up ~15% annualized in most markets. And that was before mortgage rates fell. Not sure what that means, but it seems important.
Inflation Doomsday is Taiwan. Xi reiterated to Biden that he expected reunification, and Xi recently fired a dozen generals (officially for corruption, but they're all corrupt). Let's say in two years China takes military action. Invasion looks suicidal given modern intelligence, so perhaps gradual increase from harassment of shipping to naval blockade. TSMC chips can still fly out, but inputs constrained. Price and availability of high-end chips tightens. Democracies don't formally halt trade but, supply chains rapidly moved in anticipation. Price of global trade soars. Which is why we better use Ukraine to set an example to autocrats of the West's resolve, not its fatigue. Meanwhile, Trump said, "If they invade, there isn’t a f***king thing we can do about it.” So if Trump is President by then, Xi will assume that he has a free hand.
NY Times is good on cultural stuff and science reporting. The Washington Post is much better overall and really deserves to be the newspaper of record.
Another example of why I stopped reading the NYT years ago. Looking at Freddie's repeat sales HPI, house prices have been accelerating for past few months, up ~15% annualized in most markets. And that was before mortgage rates fell. Not sure what that means, but it seems important.
Inflation Doomsday is Taiwan. Xi reiterated to Biden that he expected reunification, and Xi recently fired a dozen generals (officially for corruption, but they're all corrupt). Let's say in two years China takes military action. Invasion looks suicidal given modern intelligence, so perhaps gradual increase from harassment of shipping to naval blockade. TSMC chips can still fly out, but inputs constrained. Price and availability of high-end chips tightens. Democracies don't formally halt trade but, supply chains rapidly moved in anticipation. Price of global trade soars. Which is why we better use Ukraine to set an example to autocrats of the West's resolve, not its fatigue. Meanwhile, Trump said, "If they invade, there isn’t a f***king thing we can do about it.” So if Trump is President by then, Xi will assume that he has a free hand.
NY Times is good on cultural stuff and science reporting. The Washington Post is much better overall and really deserves to be the newspaper of record.