The Cold War That Wasn’t

The conversation centers on the evolving dynamics between the U.S. and China, especially in light of Trump's presidency, and their global implications. Louis Gave suggests Trump's policies, while seemingly disruptive, have accelerated existing trends, such as mending relations with China due to economic realities and refocusing U.S. foreign policy on the Americas. A key point is China's resilience and strategic shift towards de-westernizing its industrial supply chains, making it a formidable economic player. Gave also highlights Latin America's potential due to U.S. backing and pension fund growth, while expressing concerns about Europe's lack of unified military strategy and the potential for the Ukraine war's end to further divide the continent. The discussion concludes with a worry about rising energy prices derailing economic expansion, advocating for a portfolio shift towards energy assets as a hedge.