Shifts in Global Power and Their Impact on Financial Markets

10/02/23 • 42 min

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On this month's show, we are joined by Michael Edwards, Deputy CIO at Weiss Multi-Strategy Advisers LLC. During this episode, we ventured into a comprehensive exploration of the macroeconomic and geopolitical forces currently shaping our global landscape. Our discourse encompassed multifaceted issues, ranging from the intricacies of mainland China to the phenomenon of Japanification within its economy. Additionally, we delved into the intricacies of de-dollarization unfolding within the BRICS economies and provided an insightful update on the ongoing Russia/Ukraine conflict.

Our exploration further extended to domestic matters, specifically focusing on pertinent subjects affecting the United States' financial markets. We examined the pressing concern of the United States' National Debt crisis and the strategies deployed in the fight against inflation.

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Six Months Since SVB

Kudos to Michael Ball, who brilliantly accompanied me on Apropos for a riveting discussion – "Six Months Since SVB." Our conversation traversed the entirety of the economic landscape post the seismic tremors of the Silicon Valley Bank crash while concluding that more consolidation will be required in the banking sector. Delving deep, we scrutinized climate change’s impending onslaught on the commercial real estate sector, as a result of soaring insurance premiums, as well as the secular shift in the office sector due to the new paradigm in office labor supply due to WFH/remote work. Moreover, we did not shy away from examining the deluge of newfound liquidity surging from the infrastructure sector into more esoteric real estate asset classes such as data centers, student housing, charter schools, et cetera.

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The Latest in Geopolitics and the Chaos in D.C

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In this engaging episode of Apropos, presented by Ness & Associates and CFA Society New York, esteemed guest Mr. Frank Kelly delves into a compelling discussion on "The Latest in Geopolitics and the Chaos in D.C." and their consequential impacts on global financial markets.

The spotlight was on the pressing geopolitical issues affecting the world, with a particular focus on the ongoing War in Israel. Unprecedented in its nature, this conflict echoes the unsettling trends witnessed in various global hotspots, notably drawing parallels to the intensity of the Ukraine-Russia War, the most significant military confrontation in Europe since World War II.
Unfolding amidst these international tensions is the notable absence of progress in the House of Representatives, with the lack of a House Speaker, amplifying the political gridlock in the most influential democracy in the world. As of the recording date on October 16, 2023, the inability to drive legislative actions speaks volumes about the current challenges faced by our nation.
As we approach the close of 2023 and look ahead to the upcoming election year in 2024, the front-running candidates reflect the deepening polarization within the political landscape, capturing the essence of the present societal turmoil characterized by a profound sense of disorientation and a dire need for decisive leadership.