We’ve been reiterating for months now that the real story is the US-China trade and economic war. Everything else is a derivative—a subplot in the larger drama. Think of it like a messy divorce: the US and China are the bride and groom, and the rest of the world? Just the relatives caught in the crossfire.

For de-dollarisation to truly take root, de-globalisation must precede it. And for de-globalisation to play out meaningfully, a hard economic decoupling between the US and China is inevitable. Only then can regionalism thrive in its full form.

We’re living through the slow but seismic shift of an 80-year-old world order. These are fascinating times, where the tectonic plates of global power, trade, and currency are quietly but surely moving.


Disc: https://www.kotaksecurities.com/disclaimer/commodities - Kotak Securities