Bloomberg says “Germany’s Days as an Industrial Superpower Are Coming to an End”. Which poses at least one serious question - has Bloomberg been listening to Multipolarity?
As the industrial decline narrative goes mainstream, it seems like the copium has finally run out in the Chancellories of Europe.
Meanwhile, reports in the West of a Chinese bust have reached the kind of fevered tone normally associated with the final days of a boom. Yet somehow retail spending is growing at 7.4 per cent a year, and prices of consumer items like cars are still coming down. So is this the world’s first projection-recession?
Finally, Egypt is threatening to withdraw from the 1979 Israeli-Egyptian peace treaty. How much of that is sabre rattling designed to please the Egyptian in the street? And will it be enough to stop the Egyptian in the street becoming the Egyptians in Tahrir Square?
