I invest in US assets myself but not because of any faith in the US, in fact the opposite—Firstly it’s like a fund manager investing into a known bubble—You know it’s going to burst but, if it doesn’t burst in the next year or so you cannot afford the short/medium term loss relative to your competitors and, secondly, If the US crashes it takes down the rest of the world with it and is probably the first to recover so you might as well stick with it. None of this translates to faith in US, AI, governance.
Your mention of positive-sum deals is particularly strange since, if the world has learned one thing about Trump, it is that he sees the world, almost exclusively, in zero sum terms.
I invest in US assets myself but not because of any faith in the US, in fact the opposite—Firstly it’s like a fund manager investing into a known bubble—You know it’s going to burst but, if it doesn’t burst in the next year or so you cannot afford the short/medium term loss relative to your competitors and, secondly, If the US crashes it takes down the rest of the world with it and is probably the first to recover so you might as well stick with it. None of this translates to faith in US, AI, governance. Your mention of positive-sum deals is particularly strange since, if the world has learned one thing about Trump, it is that he sees the world, almost exclusively, in zero sum terms.