I wonder what kind of economic shock happens if Israel goes into a full fledged war with Iran. 1970s all over again? I kinda want nothing ever happens gang to win because it'll be a disaster for the global south but I also kinda want to see something happen.
Indian right wing Twitter calling for Tel Aviv to be nuked because the IDF posted a propaganda map showing Iranian missile range in which the entirety of Kashmir was shown as part of Pakistan.
Just absolute
Weird map ngl, they really should've shown it with dotted lines like most maps.
real assets have no corresponding liabilities. for example, the car you own once you pay off any loans is completely yours, there is no liability.
if you buy a stock, that is your asset and the company's 'liability' (equity, so residual claim), it exists in two places. same with physical cash, your asset, Government's liability.
crypto is closer to a real asset because if you are holding it in your own wallet, there is no corresponding liability on anyone else's book, it's just a number.
Bitcoin continues to behave more like a financial asset, such as stocks, than a commodity like gold while being a commodity (no corresponding liability).
All of this is causing the EU to become even more desperate to secure a deal with Trump
U.S. demand has been to eliminate or the very least reduce the trade deficit, but getting rid of the deficit means EU will not be able to sell as much of its goods.
If EU and UK wants to build their own EVs, the solution is to NOT involve markets. If you bring in private sector, it'll not be profitable for them . Build state owned enterprises and have the state set prices to match Chinese imports.
I wonder what kind of economic shock happens if Israel goes into a full fledged war with Iran. 1970s all over again? I kinda want nothing ever happens gang to win because it'll be a disaster for the global south but I also kinda want to see something happen.