Sometimes, history can help scale our “worst case” thinking. In one of our “mainly charts” reports today, we look at (semi-recent) economic history and ask how bright are America’s enemies?
The question is not moot: Russia has outlined a number of “deal points” for standing down on their side of the Ukraine border.
Since the odds of them doing so are approximately zero – since the West has more ownership of the Ukraine border than, oh, the U.S.-Mexico line, this all ends badly.
For those not paying attention, we figure this weekend to be inside the 45-day window for a bad New Year.
The headlines and charts will explain.