It feels like the rivets are really starting to pop on the global international order as we have been warning over and over and over. The markets smell it.
If China moves on Hong Kong, things can really go sideways quickly and in an unpredictable linear fashion.
Haas fully understands it and nails it in his tweet this morning.
Much of the unraveling in the world is the result of US abdicating its traditional support for free trade, alliances, int’l accords/institutions/norms, democracy & human rights-& others take matters into their own hands. A post-American world will be less safe, free, prosperous.
— Richard N. Haass (@RichardHaass) August 5, 2019
In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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Global Macro Monitor