Are we moving into meta-crises? David Hay, Co-CIO of Evergreeen Gavekal and stealth civi war...

 

...useful interview with the CIO of Evergreen Gavekal. Big on some hard commodities, hybrids vs. EV's, AI's influences on the grid and possible grid problems. So palladium and rhodium,copper and lithium but less than before on copper -  which would be moving toward important shortage. The labor market in the US sucks, stagflation the least unlikely forcast, select emergent market debt in a global interest rate cutting environment, locking in yield (mid-range only), and again what has become the overwhelming influence of central bank policy and geopolitics. Gross GDP might have been OK but per capita in USA-Canada has been awful - and underreported. Diminishing spreads and lots of cash.... miners and select energy...  look out below....