Odd Lots Goldman's Jared Cohen and George Lee on the Unprecedented Shocks in Geopolitics
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Feb 27, 2025 
Jared Cohen, President of Global Affairs at Goldman Sachs, and George Lee, Co-head of the Goldman Sachs Global Institute, dive into today's turbulent geopolitical climate. They discuss the surprising implications of J.D. Vance's Munich speech on transatlantic relations and the unexpected toughness of U.S. tariffs. The duo also examines the rise of Gulf powers in AI, the significance of subsea cables, and the emerging position of geopolitical swing states like Japan and India, offering valuable insights for investors navigating these complexities.
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Europe's Diminishing Influence
- Europe's lack of economic growth diminishes its geopolitical influence.
- This is evident in their lack of a strong voice in matters like the Middle East and Ukraine.
Transatlantic Rift
- European leaders were surprised by Vice President Vance's Munich speech.
- The speech, focused on free speech, signaled a negative reset in transatlantic relations.
Gulf States' Rise
- The Gulf states have shifted from being countries with sovereign wealth funds to sovereign wealth funds with countries.
- This shift allows them to use strategic capital to drive geopolitics, increasing their international influence.
