Mangun. . .

Continued from A6

has never managed to get his approval rating above 50 percent. The vote in Great Britain to leave the European Union was extremely close, although well within any sort of “margin of error.”

It is critical to know that whatever cosmic forces are at work, the “events” support the cycle, not the other way around. Who in their right mind would have predicted only a week ago that the Covid-19 pandemic would be thrown off the global headlines? Just as there was a flicker of light seen at the end of the economic tunnel in the US, all hell broke loose. And between Covid-19 and US mass protests is the escalation of the “Cold War” between China and US, which will exacerbate global

economic problems.

Unfortunately, do not think for a moment that the economic chaos has peaked. It is going to get even more intense, if not on the front-page at least behind the scenes. France and Germany are going to an “economic war” as we speak.

French President Emmanuel Macron is trying to kill Germany’s automobile production by pushing new climate change regulations. Further, he announced an €8 billion plan to make France the top producer of “clean vehicles” in Europe. Germany will not “surrender.” More of this chaos is coming in the months to come. Twenty-twenty has just begun.

E-mail me at mangun@gmail.com. Visit my web site at www.mangunonmarkets.com. Follow me on Twitter @mangunonmarkets. PSE stockmarket information and technical analysis tools provided by the COL Financial Group Inc.