In this episode of Thoughtful Money, Adam Taggart interviews Michael Every, a Global Strategist at Rabobank, about the shift from globalization to mercantilism and its current state. Every describes the world as being "in flux," with the old global order struggling to survive while a new one is struggling to be born, leading to various international frictions. They discuss the rise of nationalism in various countries, the potential for trade wars, and the implications for global power dynamics. Every emphasizes that markets are divorced from the political reality and that the U.S. needs to implement mercantilist policies correctly to maintain its strategic position. They also explore the potential for a U.S.-China agreement and the future role of BRICS, and the potential for America to strike deals with almost all of them.
