MarketWatch (February 17)
“A trillion-euro market” is arising as Europe wakes up to the end of “the post-Cold War international order with its security bargain.” The result could be “a bond market powerhouse that threatens U.S. Treasurys.” Europe now looks to be moving toward “a Eurobond market exceeding €1 trillion. This includes approximately €650 billion from the coronavirus era, €95 billion for Ukraine and several hundred billion euros from new defense facilities and national borrowing enabled by fiscal exemptions.”
Tags: €1 trillion, Cold war, Coronavirus, Defense facilities, Eurobond market, Europe, Exemptions, International order, Powerhouse, Security, Treasurys, U.S., Ukraine
MSN (May 21)
“Donald Trump may be doing the world a big favor.” The “chaos” he has unleashed has “inadvertently produced an opportunity to create a better world.” And that “world where American and western power is limited and contained could not only end up being more peaceful but, over time, more prosperous.” Trump has loosened “the American grip on global power… an essential first step towards achieving a more just and balanced international order.”
Tags: Balanced, Better world, Chaos, Contained, Favor, Global power, Inadvertently, International order, Just, Limited, Opportunity, Peaceful, Prosperous, Trump, U.S., Western power
Australian Financial Review (November 28)
“Mr Trump will not reverse America’s relative decline. The chances are he will drastically accelerate it…. The US-led international order as we knew it for 70 years is over. “ While much focus will be “on Mr Trump’s dealings with Mr Putin,” that’s strictly short term. “The long-term trajectory is towards China.” Going forward, things “will not be pretty. Europe will be the loser. So too will American prestige.”
Tags: China, Decline, Europe, International order, Long term, Prestige, Putin, Short term, Trump, U.S.
