The Great Game: Geopolitical Risk Looms Large for Investors
By John Persinos
In the late 19th century, when the British empire was at its zenith, members of Her Majesty's Secret Service called geopolitics "The Great Game." The expression stuck.
For investors lately, The Great Game has become a big factor. Let's start with the world's second-largest economy, China.
China is emerging as a worry, but not as a rival to America. The red dragon is becoming the global economy's albatross. If you give credence to the idea that America is in decline and our country will get supplanted on the world stage by China, you should think again.
Falling inflation, rising gross domestic product (GDP) growth, and low unemployment are giving the U.S. the world's best recovery.
Ignore the politicians on the presidential campaign trail who are trash-talking the U.S. economy. They live in a post-truth world where lying is as routine as breathing. Many Americans, sad to say, have become impervious to reality.
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