GRAND MACRO STRATEGY - Trump Election Update

What is the difference between Economic Policy and Economic Statecraft?
And why does it matter?

Because with Donald Trump reascending to the US Presidency, its a brave new world as he promises to Make America Great Again. In doing so, he will lean on 3 pillars of American hegemony in trying to achieve this goal. Namely, the US economy, in tandem with its political and military power.

This is the foundation laid out by friend of the show Michael Every, Global Strategist at Rabobank. We are honored he joins us on this episode to discuss his recent report laying out this framework which he refers to as "Grand Macro Strategy".

His report can be found at the link below and I strongly suggest you print it out and refer to it often as we move forward in the months and years ahead.

You can also follow Michael on Twitter/X at the handle below

@TheMichaelEvery

This and more on the latest episode of MILKSHAKES MARKETS MADNESS.

FULL-LENGTH EPISODE 101 (November 10, 2024)

[adicostea]

Michael Every is an amazing macro and geo-political analyst! Invite him more often

[HillofNeedles]

Michael is being interviewed from a confession box

[mattdroneon]

I could listen to this for 4 hours easy. You guys bounce off of each other well. I definitely feel 1 hour smarter.
Would love to be 4 hours smarter.

[nvr]

Great interview. You can't keep ignoring the negative net foreign investment position which has grown from -40% to -80% over the last decade. Foreigners own a net $23 trillion of US equities, which might leave

[Jakethebeard]

I like that he says, "America took over the franchise." What a nice way of saying America won the game.

[BroJoCafe]

Great discussion but the bad audio was distracting. Best for host and guests to wear headphones and have a good mic. Not like you can`t afford it. - Keep up the great work.

[GreatestAudioBooks]

Next level analysis. Thanks, Michael & Brent. Liked👍

[steviechang]

Every knocked it out of the park AGAIN

[patrickmcgoohan]

Two of the post neo-liberal era greats thrashing out the way forth. Much thanks to brent and Micheal. Great stuff.

[hiatuz]

I would be delighted to listen to 4hours of this content.

[eugeniareyes]

My favorite the great Michael Every!! He knows the global financial climate..🙌🏼🙌🏼🙌🏼🙌🏼🙌🏼🙌🏼🙌🏼🙌🏼🙌🏼🙌🏼

[energyisone.]

24:00.

1) I'm not sure that "everyone's gonna start building new factories in US soon after T+2y tariffs are announced". I have a suspicion it's more complicated. I mean why Chn would invest millions in US when they will be now under threat? It's not that simple. Perhaps they would do it in a globalized libertarian world world but precisely what the guy pointed out at the start, it's NOT a peaceful globalized econ anymore, why would you cheerfully enter into sharks' jaws on your own? Is Chn that stupid? Volkswagen may be but Chn is not in Nato..

2) In case of a USD liquidity crunch, Eu, Chn, Jpn have to start selling US treasuries..

3) The whole situation would dramatically speed up the willingness to create a new system outside of USD, which is already underway (Bricks and friends), perhaps GLD backed.

[eddieb]

Fantastic conversation, gentlemen. Super-informative.

[UncommonEntrePReneurs]

Predictive conversation about the impact of tariffs

[striker]

Damn this was excellent. Please have Micheal back soon

[anitaj]

I leave this feeling enlightened and hopeful for the future of the USA!

[sageknoll]

I finished Michael’s report before the show. Great work.

TLDR: Pat Buchanan was correct in The Great Betrayal.

If 22 pages wasn’t enough, that book will set you up.

Great show! Thanks guys.

[mikeessner]

Brent, Michael. Simply put, thank you.

[cplex]

This was a great episode, very good conversation and topic exploration. I have a small complaint, I think Michael had a fan blowing on his mic the whole time 😂 - would love to hear more though

[Strykenine]

Great interview. I'll be watching again to take notes.