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German manufacturing had been in crisis well before Russia invaded Ukraine
Putin's invasion only made this structural decline worse. Europe has an easy offset to this: a weaker currency. Euro needs to fall well below parity to offset the crisis in European manufacturing... Source: Robin Brooks
Speculators have built their largest short U.S. Dollar position since 2020 and one of the largest in history
Source: barchart
After Bill Gates became friends with Warren Buffett, he began to diversify his portfolio and sold Microsoft shares
Bill Gates' fortune today is 138 billion dollars, if he hadn't diversified it would be 1.33 trillion dollars. Source: alex_avoigt
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