When future economic historians try to figure out the pivotal moment in the Decline and Fail of the American Century, its likely last week will figure in their thinking. Trump’s actions will have profound implications for bond and tech markets – and the time to start building these consequences into portfolios is NOW!
The news from China is unremittingly bad – a cataclysm of economic distress and woe. Combined with concerns on law and transparency, China is now off many investment lists. Yet it’s still a growing economy with a massive middle class of consumers. There are opportunities.
There is a myth BRICS nations now exceed the GDP of the G7 West. It’s propaganda to boost a story of de-dollarisation, anti-G7 rhetoric and how China and its allies will create a stronger, more equal global market. It’s like watching Stags fight for dominance.
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