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There has never been a scandal like the Jensen Huang affair

In the gossip columns it is the story of a steamy affair between an American billionaire who wears a leather jacket and a younger woman who allegedly works for Chinese intelligence. On Wall Street it illustrates a three-fold concentration risk: the danger of a stock market which depends on one technology, which depends on one firm, which depends on one man. In Washington they talk of a rotten Commerce Department, the closeness of President Donald Trump to tech bosses, and divisions in the Republican Party over China. „Two clichés make us laugh. A hundred clichés move us,” wrote Umberto Eco of the film „Casablanca”. And so it is with the Jensen Huang affair: not one scandal, but many.