Why the "Emerging Markets" Label Is Now Obsolete | Louis Gave

Описание: Gavekal CEO Louis Gave joins me today for an insightful (and timely) conversation about emerging markets, China’s manufacturing edge, Japanese bond yields, and the broken relationship between Canada and the US.

If you’re discovering emerging markets for the first time (or think you already understand them), you need to hear this conversation because simplifying the opportunity abroad into one big blob is a mistake.

Louis helps reframe how we should think about investing in emerging markets, covering the lenses that matter most. We also dive into why the old 60/40 portfolio is dead, why Louis believes energy is the new anti-fragile asset, and more.

Find out more about Louis Gave here: https://research.gavekal.com/author/l...
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00:00 Intro
01:44 Why the “EM” Label Is Now Obsolete
03:56 The New Structural Reality of Global Capital
17:40 How China Leapfrogged the West in Tech
19:57 Latin America: The Trade of the Decade
30:07 The Power Crisis: Why the US Is Falling Behind
31:52 The Fractured Alliance: US-Canada Tension
37:40 The Japanese Carry Trade Reality Check
41:04 Final Verdict: Portfolio Strategy for 2026