Biden Tested, Myanmar Burns, And Immigration Surges
In this latest issue of my weekly podcast, we pay tribute to John Williamson and Walter Mondale, RIP. Williamson died at the age of 84. He is most famous for in 1989 defining the "Washington Consensus," a list of what emerging market economies should or must do to succeed. While his theory is no longer popular, it was highly influential following the Reagan and Thatcher era. Mondale died at the age of 93. He famously lost the presidential election of 1984 in an abject defeat to Ronald Reagan. He only received 13 electoral votes, a historic low for a Democratic candidate. But perhaps his most enduring legacy is elevating the role of the VP. Myanmar in chaos. Daily protests continue since the military coup began on February 1. Tens of thousands of civil servants, teachers, and doctors are on strike, paralyzing the military's ability to rule. But the generals aren't backing down. They have jailed 3,000 citizens and killed an additional 700 demonstrators. Myanmar is turning into a failed state.Putin and Xi v Biden. Russia is amassing soldiers on the Ukraine border. And China continues to send warplanes over Taiwan. Both actions seem to be testing Biden. How far can they go before he reacts? Meanwhile, Biden announces US departure from Afghanistan by 9/11/21. Putin and Xi both want to know--at what point does Putin push back?Surge at the border. The number of working-age Mexicans apprehended at the border has more than doubled in recent months. The increase coincides with a surge in unaccompanied children and family migrants, presenting a major quandary for the Biden administration. **********The content featured here is a small part of Hedgeye’s Demography Unplugged, a game-changing market intelligence product brought to you by historian, demographer and best-selling author Neil Howe. Visit us to find out more and subscribe.