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Summary
Phil: the G7 has been pledging to tackle excessive global imbalances for 50 years and nothing has changed. He notes that despite Trump’s anti-China rhetoric, money flows tell a different story: Benchmark Capital (US) is betting big on Chinese AI; Elon Musk chose Shanghai for Tesla’s first megapack battery factory outside the US. “Watch where the money flows.” RFK Jr.’s efforts on US food/health are commended. Phil recommends Don Tolman’s Farmacist’s Desk Reference (volumes I and II). Health is a major issue for the coming 2+ years.
Key Claims
- Benchmark Capital (US) is investing in Chinese AI despite the political anti-China narrative. — confidence: high
- Elon Musk chose Shanghai for Tesla’s first megapack battery factory outside the US. — confidence: high
- Investors and businesses should watch where the money flows, not Trump’s rhetoric. — confidence: high
- RFK Jr.’s efforts to make American food healthier are overdue and commendable. — confidence: high (Phil’s view)
- Health management is critical for the coming volatile 2+ years. — confidence: high