You do not understand the WASP aristocracy if you do not understand that it was originally constructed not on the exclusion of Catholics or Jews or any of that. The most important demographic that the WASPs defined themselves against… was the southerners.

China's FDI data don't show any sign the world is decoupling. China breaks out non-resident FDI inflows into actual FDI (blue) and reinvested earnings (orange). The latter has gone negative, so foreign firms already in China have losses. But actual FDI is still going strong...

🎧 Here are five highlights from my conversation with Brad Setser on the causes and consequences of China's surging exports: cfr.org/blog/president…

Embrace Vietnamese urbanism.

TSMC's success is due in large part to the fact that it can get all of Taiwan's top chip engineers for an incredibly low price.

noahpinion.blog/p/whos-afraid-…

Taiwan uses an interesting system which actually helps you find your way once you understand how it works

A typical address might be: No. 63, Lane 81, Section 2, Dunhua S Rd, Da’an District, Taipei City, Taiwan 106046

Random alleyway near Tonghua Night Market.