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Jimmy Jazz

Joined: 2/8/18 Posts: 1021
Likes: 906

Some interesting points.

But the guy is an unwatchable pompous cynical douchebag who loves nothing more than proving that he is the smartest guy in the room. If he is that smart and makes that much money from acting on his smarts, he should consider getting a wardrobe consultant and a barber.

All he cares about is how to play a fractured (oh sorry...the buzz work is "disrupted") world to maximize returns for capital. (No surprise given his audience at the CFA Institute Conference.) Since the US has by far the most capital, that by extension is good for the US from his perspective. I get that he is a foreign policy guy. However, he looks more closely under the hood of the domestic demographics and economic policies of China, Canada, Germany and Mexico than the US.

The US controls huge amounts of capital and has the military heft to protect it. No other country is in that position, so it gives us a dominant negotiating position in trade talks. We can successfully throw our weight around and maximize our returns on that capital through aggressive trade negotiations, intermixing money and power.Our main export is capital. Our main import is returns on that capital. As he correctly states, we are no longer a trading nation of physical goods or services. We only trade and control capital.

My question is how that is "very good for the US" in your view? I hope you are able to take advantage of that with you investments. But how does it benefit the vast majority of Americans? Returns on US capital flows and aggressive trade negotiations don't benefit people outside of affluent cities, and even then, only certain people in those places.

Instead of regurgitating his books on the same subject, Mr. Superman Socks should ponder what the US's current economic system means for the people of this country. The restructuring of our economy has had very real human costs in urban and rural places and the hallowing out of communities. The same situation that I saw as a kid in the 1970s in the Bronx, Newark and Jersey City has now spread to every corner of the country. Disinvestment, lack of jobs, crappy schools, breakdown of family and social structures, substance abuse, mass incarceration, broken institutions. None of those communities, or the people who live in them, will benefit from tariffs on French wine, Japanese steel, Canadian wood products, or Chinese consumer goods.

This is not intended to be a soapbox post. I think that you and I agree that this situation is 50 years of crappy policies by Dems and Reps coming home to roost. I wish Mr Zeihan would apply his analytical chops to that, even if it wouldn't get him a repeat invitation to the CFA Institute Conference.

(In response to this post by The Hook)

Posted: 01/10/2020 at 4:36PM


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Current Thread:
Any of you Sabreites drink imported wine? -- Jimmy Jazz 01/10/2020 2:42PM
  Well dang, Italian reds are my fav ** -- GtownHoo 01/10/2020 9:20PM
  I prefer Italian blondes ;) ** -- Zhoo 01/10/2020 9:45PM
  It'll put some small local shops out of business -- Old Dorms Rule! 01/10/2020 4:04PM
  You are absolutely spot on. -- Jimmy Jazz 01/10/2020 6:15PM
  Chile? Yes. Argentina? No thanks. -- Jimmy Jazz 01/10/2020 6:12PM
  Mainly Zima. ** -- ryno hoo 01/10/2020 3:38PM
  Whiskies & cheeses, too. ** -- zeropointzero 01/10/2020 3:37PM
  If it happens, it won't last long ** -- 111Balz 01/10/2020 3:32PM
  Only if it has alcohol in it ** -- ARKHOO 01/10/2020 3:22PM
  I like beer. -- WahooMatt05 01/10/2020 3:12PM
  All C/KAVS do ** -- HoosQ 01/10/2020 3:19PM
  Drink bourbon... -- The Hook 01/10/2020 3:14PM
  My response to this is... -- The Hook 01/10/2020 2:59PM
  Some interesting points. -- Jimmy Jazz 01/10/2020 4:36PM
  LMAO... -- The Hook 01/10/2020 4:55PM
  Or Argentinian Malbec ** -- Hoobert 01/10/2020 3:31PM
  Two things -- Zhoo 01/10/2020 3:03PM
  Good points. -- HoonDog 01/10/2020 3:14PM
  It's also about competition and consumer choice. -- Jimmy Jazz 01/10/2020 6:42PM
  Wait a minute, though -- HoonDog 01/10/2020 4:56PM
  In a perfect world... -- The Hook 01/10/2020 5:40PM

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