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Showing posts from April, 2020

Never Waste a Crisis

“ Never waste a good crisis “Winston Churchill.  There is no doubt that we are in the middle of unprecedented crisis globally. With almost 3 million people infected and over 200,000 people dead due to the corona virus.  Look at the headlines;  ·        German newspaper sends China USD 130 billion invoice against Corona Virus damage ·        Japan to offer billions to firms shifting production out of China ·        Trump warns China of consequences as Republicans and democrats fight over who is cozier with Beijing. It is evident to all but the most perma China bulls that global supply chains will now need a backup if not an alternative to China. The days of running a global factory with slave labour, financial repression (and therefore cheap capital), scant respect to the environment and a bully mercantilist mentality are now numbered. The world is truly unipolar now with China on one side and the rest of the world on the other. Look at the exports and imports