Day 1,855: veil, sever, wean, wrought, obscure, advent, apace, impervious

As the trade war has raged, Western companies have redirected their supply chains through “alt-Asia” countries including Vietnam and India (often veiling links to China, rather than severing them). When it had to wean itself suddenly off Russian gas, the German economy adjusted rather than collapsing. The damage wrought by tariffs has been obscured by America’s long-running jobs boom and the stimulus provided by its enormous deficits. Innovation, most notably the advent of generative artificial intelligence, has proceeded apace.
Yet it would be naive to think that the global economy is impervious to politics.

Euphoric markets are ignoring growing political risks

Artwork of the day 
A veiled young woman
Edouard Manet
Date: 1872; Paris, France
Style: Realism
Genre: portrait
Media: oil, canvas

Word of the day 
veil: to cover something, especially the face or body, with a veil:
sever: to end a connection with someone or something:
wean_someone_off_something: to make someone gradually stop using something that is bad for them:
wrought: brought into being; made:
obscure: to prevent something from being seen or heard:
advent: the fact of an event happening, an inventionbeing made, or a person arriving:
apace: quickly:
impervious: not able to be influenced, hurt, or damaged:

Quote of the day
“Give me your honest opinion. I don't want truth with a veil on—I like naked ladies naked.”

― Christina Stead, Miss Herbert (the suburban wife)