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Now, because his real power is in not letting anybody know what he s going to do yet. that s where he has leverage. professor stouffer, do you agree with that? i have no problem with that. i have a different take on it. i think xi is much too sophisticated to go all-out and start offering military equipment, lethal equipment, to russia. hong kong and uae, they re providing high-profile electronics, drones, chips, electronic chips that will be assisting the russians to develop their missiles even better, so i think they re working a back way to provide the help to from china to russia. and of course, they re buying a lot of oil from the russians at market rate, which is also helping sustain putin. yeah, very good point. and professor schmidt, let s pick up on your point. president putin is welcoming ....
Negotiations. and so that s really what s going on here. it s not that anyone believes that anyone outside their own countries is going to take this peace plan seriously. and professor stouffer, would the west ever accept a peace proposal from president xi, do you think? well, i don t think it s up to the west. i think it s up to the ukrainians to decide what kind of a process they want to engage in. but i do believe, agreeing with my colleague, that you basically have the two leading authoritarian states in the world trying to develop a multi world. that s part of the reason why xi is going to moscow, to shore up that perception, that there can be more than one superpower in the world, more than one pool of power. the two countries, russia and china, together with the shanghai corporation organization, where putin and xi met in september in uzbekistan, they re trying to just be able to put forward to kind of new process to realign the world, to ....
Coming down, which is also good news. but the wage growth and the services part of the economy is still very, very strong, very hot. i got in an airplane yesterday from minneapolis to new york. the planes are full. i know. the services part. economy is really tight right now. okay. let s talk about inflation with this. we brought props. okay. thanks to the team who went to whole foods. this is how you think about inflation. this is lasagna. it s not the stouffer s that you have. this is like a fancy lasagna. talk about shopping and what it tells you about inflation. i do the shopping. when the pandemic hit i started doing the shopping for my family to keep my family safe, wie mask up and go out. i pay attention to grocery prices. there is a lasagna that used cost $16 you now it s around $21. that s my measuring stick of how inflation is going. i love to see the prices of the food we buy every day come down. ....