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New era of Deglobalization | Steen Jakobsen
De-globalization is entering a new stage. And with deglobalization, the two biggest countries in the world are the United States and China. China is working on a plan they call "dual circular," which is meant to help them become self-sufficient. This plan has recently been met by the US's "chips act," which is also about becoming self-sufficient.
Watch more of this short video from Tanking The Economy To Force A Fed Pivot Is The "Most Stupid" Policy | Saxo Bank CIO
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
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