Macro politics —> economics

Another Ukraine launched topix:

Seems increasingly likely to me that Russia/China form a long time horizon alliance that says hooray! for coal and gas and oil use including in dirtiest forms because

a) is cheaper in the short term and short term matters a lot to bread and circus despotisms

b) global climate change is mostly good rather than bad for both as
– although China loses parts of Yangtze and Yellow River estuary lands that can be replaced with lots of thawed out Eastern Siberia in “friendly exchange” with Russia, with China also providing crucial manufactured goods and dollars in payment for gas and petroleum), and also
– because “world community” is somewhere in between totally delusional and hopelessly weak, and so massive GCC is not only happening but will continue to accelerate regardless of feeble moralists yammering, and so we are planning and building for GCC and do not want stinking greens creating barriers and uncertainties for our plans

c) South Asia and Africa are OPEC nations are going into “deep hmmmmm” of thought and might mostly join with China and Russia.

What else?

david fb

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