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USA Versus China, Who Wins?

Nik Bhatia

May 2

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Dear Readers,

I have a packed letter today, ranging from the trade war, a sudden realization about the Eurodollar system, the politically charged nature of Trump’s agenda, bitcoin worst-case scenarios, and the role of equities this year. Throughout the weaving analysis, I will also explain why Tim Cook and India are at the center of the world’s most important story.

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Today’s Topics

Despite a lot of analysis I’m reading about how China is positioned well for the long haul, I have decided to take the other side.
With less US dollars flowing into China, I’m having a revelation about the entire Eurodollar system, and therefore, the global monetary system.
As bitcoin researchers, the important thought experiment to conduct is determining what are the factors that could help or hurt bitcoin this year.
Some early thoughts on Larry Leopard’s new book—I will be on stage with him in Las Vegas later this month, so I’m doing my homework!
Trump.
Equity markets and my expectations for the asset class in general.

Why China might cave, and how...

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