Good evening. The show begins in Keith, with high cards to play, says Antel Leaven of the Quincy

Institute. For example, Russia in order to advance will have to do enter into urban fighting very unlikely in it for

example EU wants to make Ukraine part of the EU, not NATO, EU. For example, Russia needs a market in Europe and without

a market Russia's future is dim, very dim. For example, Ukraine has lots of room to negotiate

with other players besides Russia in any peace settlement. So Anatole is right to say that the concentration on the

battlefield advances or retreats is not a big enough picture for what is

ahead of us. We then moved to the question of Nubalny, and Anatol is blunt about

the fact that you must talk with the assassins, that's the way the world is, and negotiating when Mautzi Dung was equally challenging

for Richard Nixon once upon a time. So we can look forward to leaders of the

European Union and NATO, speaking again with Putin, when and if.

The show then moves to the question of the Chinese markets. The Chinese markets are broken, they're very frail, they're non-transparent.

Why? Chris Wiegel reminds me that these are very well educated men largely with degrees from American

and European universities, the same economics as all of us have had the opportunity to study. And yet yet because they're frightened of failure

they try to negotiate the market they try to goose it they try to blend it and it

doesn't work you can't push the market. The

Chinese economy is in free fall not because of the market that reflects the

larger conditions of the exit of foreign investment and the

ghost cities the ghost settlements all over China. I saw a video tonight from the

Wall Street Journal.

A hundred or two hundred or three hundred night from the Wall Street Journal, 100 or 200 or 300 stone-built homes, three, four stories,

empty, not ever finished, been there for at least 10 years, maybe more.

All over China estimated 20 million unoccupied residents,

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