Kevin Duffy on the cold war with China

The collapse of the Soviet Union thirty years ago ushered in a very unusual, unipolar world in which the US dominated geopolitically.  That world is over.  From 2020 to 2025 the increase in interest on the public debt alone will exceed the entire U.S. military budget.  So being at war with Russia, China and Islam at the same time – 44% of the world’s population – isn’t sustainable.  The U.S. is going to have to start getting along with people, which I believe means that chilled relations with China will thaw over time.

~ Kevin Duffy, "The Stock Market is Quite Complacent," The Market, December 1, 2023