Market Outlook
The United States Should Avoid Waging a Two-Front Cold War
The Biden administration appears to be heading in the direction of waging a two-front Cold War over Ukraine in Eastern Europe and Taiwan in East Asia, both of which could turn “hot” any day. The imprudence of such an approach should be obvious, but the great danger is that such “crises” could get out of hand before the leaders involved step back from the brink.
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