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Blue Sky Capital Resources Insights - July 2019 Macro Thoughts

July 2019

posted by Blue Sky Capital Resources Partnership Growth Fund
4yrs ago 158

Are global capitalism and free trade in decline? This is the first question that comes to mind when I consider where we are today in terms of the global economy. Since the Trump election, “America first” and similar nationalist paradigms have generated significant impact in economic considerations throughout the world. What does this mean, and how will this affect the future of economic growth and trade? For Trump, tariffs have been a favorite tool. He has accelerated the increases in tariffs and continues to threaten more unless he gets his way. To some extent I agree that certain countries have benefited at the expense of the U.S. for too long. Principle among the issues where this disparity can be identified is in the case of intellectual property rights. With that said, several questions remain: Are tariffs the best course of action? Does trying to renegotiate every trade agreement at once make sense? Thus far this course of action has been extremely disruptive with few, if any, tangible successes. History clearly shows us that tariffs are a lose-lose mechanism.


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ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.