Trump Wants Greenland. Markets Don’t Know What to Make of That.
https://www.wsj.com/finance/investing/trump-wants-greenland-markets-dont-know-what-to-make-of-that-a9fc6b9e
James Mackintosh:
The problem for investors is real. If they react to every event that could threaten the world order, they would never take any risk. Get one of these major turning points right and you make your fortune, but if you get all the others wrong you lose big.
The early effects of a new world order showed up last year in foreign stocks far outperforming U.S. stocks and the dollar falling a long way. I’m inclined to think other countries will slowly try to disentangle their economies, finances and military from the U.S., which would imply more of the same.
https://www.wsj.com/finance/investing/trump-wants-greenland-markets-dont-know-what-to-make-of-that-a9fc6b9e
James Mackintosh:
The problem for investors is real. If they react to every event that could threaten the world order, they would never take any risk. Get one of these major turning points right and you make your fortune, but if you get all the others wrong you lose big.
The early effects of a new world order showed up last year in foreign stocks far outperforming U.S. stocks and the dollar falling a long way. I’m inclined to think other countries will slowly try to disentangle their economies, finances and military from the U.S., which would imply more of the same.
Is There Life After the Dollar?
https://www.project-syndicate.org/commentary/limits-of-dollar-exorbitant-privilege-in-a-fracturing-world-by-paola-subacchi-2026-01
Gambling With the Dollar’s Future
https://www.project-syndicate.org/magazine/us-trump-administration-gambling-dollars-future-by-carmen-m-reinhart-2025-12
https://www.project-syndicate.org/commentary/limits-of-dollar-exorbitant-privilege-in-a-fracturing-world-by-paola-subacchi-2026-01
Gambling With the Dollar’s Future
https://www.project-syndicate.org/magazine/us-trump-administration-gambling-dollars-future-by-carmen-m-reinhart-2025-12