Toward a New World Order

This is a video summary of our January 24 note, Toward a New World Order

Figure 1: In 2018 China’s trade surplus with the US was 5 times as large as Mexico’s, in ‘25 exports to the US fell 20% and are now smaller than Mexico’s. The rebalancing of the massive global current account imbalances is in the early stages.

Barry C. Knapp

Managing Partner

Director o…