Thoughtful Money with Adam Taggart The New Geo-Political Era Is Changing EVERYTHING...But Wall Street Is BLIND To It | Michael Every
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Feb 23, 2025 
Michael Every, a Global Strategist at Rabobank, discusses how rising nationalism and protectionism are reshaping the global economy. He explores the disconnect between traditional market metrics and the new geopolitical landscape, emphasizing investment opportunities amidst uncertainty. Every examines the shift from globalization, the implications of the Russia-Ukraine conflict, and the role of sovereign wealth in national security. He also highlights the necessity for strategic partnerships and the impact of mercantilist thinking on future investment strategies.
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Market Lag on Geopolitics
- Markets are lagging in pricing current geopolitical changes.
- Many traders are overwhelmed by headlines and await undeniable facts before reacting.
Mercantilism's Return
- Globalization is a historical anomaly, not the norm.
- Mercantilism and protectionism, with their focus on national advantage, are the historical precedents.
Statecraft vs. Policy
- Statecraft uses economic tools like interest rates for geopolitical goals, not just economic targets.
- This contrasts with economic policy, which focuses on domestic economic outcomes.