I am still annoyed that one of my ... uh, not childhood, no, “pre-midlife”? “Early adult”? ... heroes endorsed the Drumpfster. So I will write an unrelated blog post instead.
In the past week, there have been a few news stories which have reduced the odds of a Nicaragua Canal from slim to “Not unless President Eleven goes full Drumpf.”
First, China published what was accurately called “shocking trade data.” Add that to record capital flight, and the case for blowing part of the current account surplus on a giant prestige project in Nicaragua goes away.
Second, the New York Times published a way overblown article about renewed Contra violence in Nicaragua. Now, the headline is overblown: Nicaragua is not facing a serious insurgency. (To be fair, when you read the article, it is pretty clear that nothing is going on.) But it should remind everyone that the people displaced to build the Red Canal could turn violent if not properly compensated.
Finally, it looks as though cargo ships may not be getting any bigger. If that is right, then what little commercial rationale the Red Canal may have had goes away. (It didn’t have much.)
Kind of disappointing, but there you have it.