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Stresemann and Hitler were thinking on economic terms, from that angle America's rise was easier to see.
His very optimistic interpretation of 1943 got me thinking. We have hindsight and interpret each of those battlefield defeats in light of Germany's final defeat, but from different angles it's not as bad. Szálasi is writing with limited information and only looking at the whole war up until that point. If an even smaller time frame is observed and with less context, the limitations of each Soviet victory become more visible. And if Soviet high command ambitions are considered, then it can be seen that with each offensive they only achieved part of what they sought. Thing is, they kept getting those partial victories all the way to Berlin, and the arms race was always against the Germans.