Louis-Vincent Gave: China’s Winning, the Dollar’s Falling — The End of U.S. Dominance?

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Aug 5, 2025

Louis-Vincent Gave, co-founder and CEO of Gavekal, shares his insights as a macroeconomics expert navigating today's financial landscape. He challenges the strength of the U.S. economy, questioning the credibility of its data and discussing the declining status of the dollar. Gave points to an underestimated bull market in China, explores its energy strategy, and highlights risks from rising energy prices. His analysis suggests a crucial shift toward emerging markets and commodities, offering a thought-provoking look at global financial dynamics.

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INSIGHT

Uncertainty Slows US Growth

Economic growth depends on the cost of capital, energy, and uncertainty levels.
Increased uncertainty in the U.S. is causing businesses to delay hiring and investments, weakening job numbers.

INSIGHT

Trust in US Data Matters

Criticizing or firing economic data officials risks creating an environment of only tolerating good news.
This erodes trust, which is harmful for domestic and foreign investors' confidence.

INSIGHT

Fed's Political Pressure Elicits Dissent

Political pressure on the Fed influences the emergence of dissenting voices.
A more dovish Fed is expected within 12 months, likely leading to interest rate cuts.

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Is the U.S. economy as strong as it looks, or are we being misled by flawed data? In this hard-hitting interview, Gavekal co-founder and CEO Louis-Vincent Gave joins James Connor to unpack the growing disconnect between economic headlines and financial reality. They explore why job numbers keep getting revised, why inflation feels worse than reported, and how the Federal Reserve’s credibility is being questioned, even from within. Louis also shares why he believes the U.S. dollar is entering a long-term decline, and why the narrative around China’s economic weakness is both overstated and misunderstood.

Key insights include:

Why the U.S. dollar is losing its safe-haven status
What falling U.S. confidence means for markets
Why China’s stock market may be the biggest bull run nobody believes in
Why China’s energy strategy is leaving the West behind
Why a surge in energy prices could wreck portfolios overnight
And how a weak dollar + capital flight is creating huge tailwinds for emerging markets, commodities, and value stocks

Don’t miss this macro masterclass from one of the most respected global strategists in the world.

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Chapters:

0:45 - Sunny in Vancouver… But Storms Brewing in Markets

1:27 - Jobs Report Shock: Are the Numbers Lying?

5:19 - Trump Targets Labor Data: Is He Right to Be Skeptical?

10:48 - Fed Drama: Why Two Members Broke Ranks

15:18 - Powell Under Pressure: Political Pawn or Policy Leader?

17:56 - Inflation Illusion? What You’re Really Paying

25:58 - The Dollar’s Losing Streak: Is Its Reign Ending?

32:05 - The September Fed Decision: Pivot or Pause?

33:37 - China’s Slowdown: What It Means for Global Markets

38:57 - China: The World’s Electricity Powerhouse?

47:25 - Wealthion Golden Nugget: Where Is The Value — China or USA?

52:14 - Can Mark Carney Save Canada’s Economy?

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#Wealthion #Wealth #Finance #Investing #MacroEconomics #JobNumbers #USdollar #EmergingMarkets #ChinaEconomy #GlobalInvesting #Inflation #FederalReserve #Energy #China #USA #Geopolitics #DeDollarization

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