The economic consequences of the war in Gaza have so far been very limited. The oil price has been well-behaved, all things considered.
But that war is shaping up to be a forever war. That's the logical conclusion that flows from observing two sides committed to the other's destruction.
If the war costs Biden the election then another logical conclusion is that the great Bidenomics experiment is over. There is a lot of doubt about the fiscal sustainability of Biden's economic program but not enough recognition is given to its phenomenal success.
We discuss the incredibly hard hitting article by Martin Wolf that lays out how the US is heading for despotism and how we are, indeed, all heading for disaster if Trump is elected. It's scary stuff.
Everything is connected to everything else. Macron really is right.
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The Other Hand