There is no Cold War II — Market Mad House

There is no Cold War II between the United States and the People’s Republic of China. Conversely, a dangerous conflict between the USA and the People’s Republic is developing.

The First Cold War was an ideological and strategic conflict between the United States and the Soviet Union. The similarities between the current US/China tensions and the First Cold War are superficial.

Yes, China is a rising power, and it is challenging the dominant United States. Moreover, the People’s Republic is a Leninist dictatorship ruled by a…