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Robert Jaffee's avatar

“That’s the market the United States is about to lose. Once Europe breaks free from its nuclear dependency, its market follows. American businesses won’t have the privileged seat at the table anymore—they’ll be just another competitor. And the first to feel the hit? The trillion-dollar American defense industrial complex.”

Excellent newsletter Shankar, and great updates we would never know about if we relied on the MSM.

I think Trump is finally realizing the error of its ways (or not; Trump will double down). He has galvanized Europe; in ways not achieved since WW2.

Europe and Canada are no longer buying US military equipment and weapons, instead relying on their own resources and technology. Investments in the US from Europe and Canada is waning, and European equity markets are attaining better returns than the US; the first time in several years.

Additionally, Russia is weak. We don’t even know how many of Russia’s vast nuclear arsenal are fully deployable and operational anymore, given their limited financial resources from the sanctions. After all, when a “so called” nuclear super power needs to rely on North Korea and Iranian arms, then all bets are off.

Not to mention, Russias military is depleted; they couldn’t even beat Ukraine in three years of war, and Ukraine doesn’t even have an Air Force or Navy to speak of.

Bottom line: I wouldn’t want to be Russia right now, and as for Trump and MAGA? As the wise man once said, “we shall see!”

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Dr. Steven Quest's avatar

Nice summary. And as Trump tanks the American economy and isolates America further, there are many opportunities to invest in the EU.

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