Macro Voices MacroVoices #447 Eric Peters: US/EU/China, Competitive Outlook
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Sep 26, 2024 In this discussion with Eric Peters, CIO of One River Asset Management, he dives into the competitive dynamics between the U.S., EU, and China amidst rising geopolitical tensions. He offers a keen perspective on how Federal Reserve policies could shape the future of the U.S. dollar, especially with the emergence of digital currencies. The conversation also touches on inflationary pressures and their effects on commodity prices and equity markets, along with insights from his new role in digital asset management.
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Fed's Political Appearance
- The Federal Reserve appears increasingly political as they start easing close to the election.
- Their actions create this appearance despite the potential economic implications.
Fed's Inherent Political Nature
- The Fed's political nature stems from the chairman's appointed position.
- Their challenge involves balancing economic stability with political considerations, especially during elections.
Global Economic Divergence
- Deglobalization is causing significant economic divergence between the US, Europe, and China.
- While the US outperforms, Europe stagnates due to its reliance on the now-disrupted German economic model based on cheap Russian gas.