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US default, China decoupling hang heavy over Hiroshima

From asiatimes.com

Japan’s decision to hold this weekend’s Group of Seven (G-7) summit in Hiroshima is appearing more and more “on the nose” with each passing day. Worries that Russia might use nuclear weapons on Ukraine were part of Japanese Prime Minister Fumio Kishida’s calculus in choosing the city that was the first military target of such armaments in human history. Since that call, though, two economic nuclear options have emerged to fuel a bull market in Hiroshima symbolism. One is the default drama that risks restoring the US to developing nation status. Republicans toying with financial Armageddon have US President Joe Biden ... (full story)

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  • Category: Fundamental Analysis