No. of Recommendations: 2
have been pondering (for practical reasons) 2 big macro questions not narrowed to the current economic cycle (regardless if it can be called 'normal').
has the gop
1. significantly knocked re\friendshoring industrialization off track?
(neutralize\normalize shorter-term AI frenzy in this definition)
as learned from covid, commodity\refining, etc...the # of vulnerable points seem endless.
this is simply considering deglobalization, not a zeihan-type china collapse scenario.
2. broken the pillars beyond fixable for 1-3 more potus cycles?
one take here:
bonddad.blogspot.com - Has america become extractive economyi leave with this related comment from substack :
"There is no discussion of whether or not we are in an AI bubble. We are. The question isn’t when it ends, but what happens [to many equities] when it does.
There is no discussion of whether or not the US is in serious fiscal trouble. It is. The question isn’t whether it will debase its currency to try and fudge the numbers, only how it will do it.
There is no discussion of whether or not the world is fracturing into a multi-polar setup which we haven’t truly experienced in over 80 years. The question isn’t where the next conflict breaks out, but what it means for the supply chains we have come to depend upon.
You may believe whatever you want, but I believe that this is not an environment which is particularly favorable to passive funds over the next decade or two..." 