Bran

CHINA: TELLS EU’S FOREIGN POLICY CHIEF THERE IS NO FUNDAMENTAL CONFLICT OF INTERESTS OR GEOPOLITICAL CONFLICT BETWEEN CHINA AND EU || READY TO STEP UP STRATEGIC COMMUNICATION WITH EU TO ENHANCE MUTUAL UNDERSTANDING AND PROVIDE STABILITY || REAFFIRMS CHINA’S POSITION ON UKRAINE CRISIS, SUPPORTING EFFORTS CONDUCIVE TO PEACE AND RECOGNIZING EUROPE’S ROLE IN PEACE TALKS

🇨🇳🇪🇺 FRANCE'S MACRON: WE NEED MORE CHINESE INVESTMENTS INTO EUROPE IN KEY SECTORS

CHINA: TELLS EU’S FOREIGN POLICY CHIEF THERE IS NO FUNDAMENTAL CONFLICT OF INTERESTS OR GEOPOLITICAL CONFLICT BETWEEN CHINA AND EU || READY TO STEP UP STRATEGIC COMMUNICATION WITH EU TO ENHANCE MUTUAL UNDERSTANDING AND PROVIDE STABILITY || REAFFIRMS CHINA’S POSITION ON UKRAINE CRISIS, SUPPORTING EFFORTS CONDUCIVE TO PEACE AND RECOGNIZING EUROPE’S ROLE IN PEACE TALKS

Exactly and this realignment requires capital - much of which is in the US - capital leaving has consequences Im not sure trade warriors are prepared for

Potentially important on many fronts, and a very big non-sequitur v. the consensus narrative 👇:

Targeting $30 in $METC if this $15 holds.

This is controversial but people need to hear it: There is zero economic law that says US home prices have to be below a certain price ratio to median US income. ZERO. It is one of those assumptions people believe “should” be true, but it is not, and the last 40 years are proof that it is not All of economics is supply and demand. The median household to median income argument makes sense only in an economy where we have built enough housing units per capita, and every housing unit is being allocated as a family shelter unit because it serves no other economic utility The model breaks down when you have wealthy families buying 3-4 spare vacation homes. And mom and pop landlords hanging onto starter homes when they upsize. And institutions buying millions of single family homes. And single people living alone in two units instead of coupling to buy one unit. And foreign citizens buying homes. And people buying and using 2 million single family homes as hotels (Airbnbs) So long as single family residential housing is viewed as and can be used as an investment or luxury item beyond owner-occupied shelter and we don’t build enough homes to offset all those other uses, the ratio pictured in the infographic below can (and will) go even higher over time It’s not 1985. And it’s never going to be 1985 again.