The Jay Martin Show Everyone’s Watching the US Economy - But What’s Happening in China Is Terrifying
Jun 7, 2025
Brent Johnson, a money manager at Santiago Capital and Substack author, dives into the undercurrents affecting America's global standing. He discusses the alarming state of China’s domestic debt and how it shapes global finance. The conversation touches on potential U.S. industrial revival amid rising nationalism, the narrative of who’s actually failing, and the ramifications of U.S.-China tensions. Brent also draws historical parallels, noting lessons from empires past and what they mean for future capital flow strategies.
AI Snips
Chapters
Books
Transcript
Episode notes
Rising Nationalism Over Globalization
- Countries are increasingly sacrificing economic interests for national security and protectionist policies.
- This shift away from globalization was accelerated by political changes and COVID-19 disruptions.
Reshoring Industry: Feasible But Painful
- The US could reshore industry, but it would cause significant volatility and pain.
- Problems in other global economies mean decoupling harms the whole world, not just the US.
US Political Will and China's Limits
- Political will to sustain economic pivot in the US may persist despite leadership changes.
- China's domestic issues and large debt remind us it has limits despite more political stability.
