High prices led to a defeat of President Biden in the U.S.A. in 2024.
Events in Ukraine persist. Their effects persist too.
High prices lead now to most likely victory of democratic socialist Zohran Mamdani as a leader of New York City. This is supported by recent data. He is leading in the polls for the New York City mayoral race.
Where does everything go? Good old advice: If you discover yourself digging a hole for you, just stop digging. Can we do that?
1. America Needs a Bipartisan China Strategy. Shaheen, Jeanne. Wall Street Journal, Eastern edition; New York, N.Y.. 30 Oct 2025: A15.
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