Pleased to welcome PM @BoykoBorissov to #NATO HQ for a discussion on the continuing adaptation of our Alliance. Bulgaria marks 15 years of NATO membership & makes essential contributions to our shared security, with forces in our missions & spending over 2% of GDP on defence.
The key figures from S&P note on upward revision to Brazil's outlook. GDP per capita this year is seen at $8,700 vs $12,300 in 2013, meaning average Brazilian is 30% poorer now than pre-crash. Even at $9,500 in 2022, that's still 22% poorer a decade after pre-recession peak.
....Germany pays 1% (slowly) of GDP towards NATO, while we pay 4% of a MUCH larger GDP. Does anybody believe that makes sense? We protect Europe (which is good) at great financial loss, and then get unfairly clobbered on Trade. Change is coming!
If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%...with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!