This week’s subscriber Q&A will be at 11:30am Eastern Time on Friday the 4th. This round, we’ll be focused on lending against software contracts—with special guest Alex Danco.

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In this issue:

• China’s Recovery: Engagement First, Autarky Eventually

• Zombies and Superstars

• Foreign Policy Pivots

• Ventilators and Game Theory

• Pigs, Then Corn

• The Budget

• Theatrical Window…