Kontrarian Korner #53 - Michael Every

On Friday I had Michael Every on the podcast to discuss recent geopolitical events and how he views the world. He’s a Global Strategist at Rabobank and a guest that I have been looking forward to chatting with for some time. We talked about important shifts happening right now in financial markets, US and China relations, and how he looks at the political changes and uncertainty around recent events. The best place to find him is on Twitter, where his daily updates on current events are a must read.

Podcast Summary

* The difference between Economic Policy and Economic Statecraft.

* The shift from the primary focus being on what is good for financial markets to what is good for national security.

* The state of play between the US and China, and the different pressure points for each country.

* Some of the distortions in the Chinese economy, from real estate to manufacturing.

* How the financial media distorts the narrative around recent events and tariffs.

* The importance of asking the question: “What is GDP for?”

* How Europe will be forced to make a decision between the US and China.

* How some of the conflicts around the world might develop from here.

* US shifting its focus to North and South America and China and pulling back from the Middle East and Europe.

* Gold’s role moving forward, and why the US won’t abandon the dollar reserve currency.

* How the US could approach a sovereign wealth fund.

* Book Recommendation: Trade Wars Are Class Wars by Matthew Klein and Michael Pettis.

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