Global Macro Update

Felix Zulauf says "We're moving away from the world we come from." He's back again to discuss the Trump tariffs, deglobalization, and the slide toward "state capitalism." Listen in to learn where to invest in 2025 to benefit from the changing world order.

My friend Jared Dillian is back to discuss everything from Indian stocks, Milei's Argentina, and burning cars in France, to Social Security and how to make money in 2025.

China Beige Book's Shehzad Qazi pegs the probability of a US-China trade war in 2025 at 100%. Is India the next China? What does slower growth in China mean for the global economy? Get Shehzad's take in our interview.

When it comes to cybersecurity, intelligence expert Karim Hijazi says the election is not "under control." Russia, China, Iran—plus "hackers for hire"—are busy meddling. Their goal isn't necessarily to tilt the scales in favor of one candidate or party, but to weaken the US as a whole.

Join Ed and macroeconomist Patrick Cox as they discuss demographic reversal, the collapse of Social Security, and rapid advances in longevity medicine, including compelling age-reversal research coming out of Johns Hopkins and MD Anderson.

Dr. Lacy Hunt says the US economy is in a "very precarious situation" and that it's a mistake to pretend people are doing well when a closer look at the economic data shows they are hurting. He walks us through that data, making it easy to digest for the layman.

Manufacturing is returning to North America, thanks to automation, a greater focus on resiliency, and rising labor costs in China. This is a good thing, but it will require massive amounts of energy. Where will it come from? Mark Mills has some answers.

Will oil prices recover anytime soon? And what role should oil and gas stocks play in your portfolio? Get some answers from Piper Sandler global energy economist Jan Stuart, along with his thoughts on nuclear energy and China's "giant Achilles heel."

The narrative around oil is that a global supply glut and weak demand from China will continue to keep oil prices down. Bison Interests founder Josh Young tells a different story, filled with OPEC cheaters, nationalization undertones, and a much smaller global oil supply than people think.

Building resiliency, in part by decoupling the US economy from China's, is essential to our long-term security. China is doing the same thing. Yet China's export business is booming, and it dominates trade with other emerging markets. Is a communist nation beating us at capitalism?