Still a lot of work to do. His cronies still hold a ton of power and control much of the media.

Magyar winning will get the headlines but Tisza getting a supermajority in parliament (which they seem on track to do but I don’t think is official yet) will be the much more important win. That’s where durable reform can be made.

These kinds of comments are frustrating to me.

Yes lots of things are important, some more than others. What is your point exactly? That nobody should bother covering a story of great significance to the world economy and geopolitics?

It is in fact possible to write about more than one thing and regard many things as important and worth discussing. The existence of an article about dedollarization does not erase the existence of many other articles about the death, suffering, and human cost of war. I assure you that you can find many such articles quite easily and are even free to post them here as you wish.

Great find, thanks for sharing.

I’m with you on Russia but I don’t think the PLA would consider nuking Taiwan. They ideologically consider everyone on the island to be Chinese and they also certainly don’t want to blow it to ashes just to have to rebuild it from scratch.

IMO the wind is blowing toward a political reunification where China takes it without a shot. The opposition party is already pushing that and the US is not a stable or reliable enough ally at this point for them credibly rely on if China actually invades.

How can they sanction us when global finance still overwhelmingly depends on the dollar though? It would certainly accelerate efforts to move to a new financial regime but it would still take years to accomplish.

Maybe mass dumping of US treasuries could be a feasible immediate option.

This means the would-be buyer will pay WBD billions of dollars if the deal is not completed.

There was a super interesting Money Stuff (Pay Now, Merge Later) recently about this kind of acquisition structure that allows the seller to keep the money even if the deal gets blown up by antitrust. It will be interesting to see how this plays out.