A Chinese home appliance giant wants to acquire a Swedish home appliance brand—and it’s not as mundane as it seems. Meanwhile, China goes big on oil drilling, positions to leapfrog on EVs, and cements (steels?) its partnership with Riyadh. Plus: Rate hikes, another Goldilocks jobs report, and EV makers’ direct sourcing ambitions.
Washington brings supply-side tools to a demand-side fight; the EU fares no better. Meanwhile Moscow turns off gas to Europe while Beijing continues to snipe chip tech. Plus: All eyes on Xinjiang, the Yen, and the WTO's pyrrhic victory.
What if, in addition to immediate, demand-side monetary policy quick fixes, Washington was to set about investing in production of critical inputs, manufacturing facilities, and improved logistics systems? It’s entirely possible, and necessary.