If You Want Peace, Prepare for War: Europe Is Re-Arming

Offense in defense

European defense names have all surged over the past sessions. The Trump peace plan looks dead for now (more here). Recall what Citi pointed out recently regarding the pullback in defense: That pullback may be a gift...a ceasefire would only mark the start of Russia’s rearmament cycle, and Europe will have to spend heavily to keep it in check. Si vis pacem, para bellum.