Alpha Exchange

The global economic and geopolitical order has long been balanced by the United States. Today, however, that traditional stabilizing role is in flux. The drivers of market uncertainty, typically resulting from changes in monetary policy and the economy, are increasingly linked to US politics. Fiscal strain, tariffs, and hyper-partisanship are sources of unpredictability reverberating across markets worldwide. In this context, it was a pleasure to welcome Alex Kazan, Partner and Co-head of the Geopolitical Practice at the Brunswick Group, back to the Alpha Exchange.Our conversation explores just how we got to a point where the US is exporting risk to the rest of the world. Alex argues that this is not solely about Donald Trump but more the result of structural forces that have been building over time. The advent of social media and the technology that maximizes attention by algorithmically parsing individuals into one camp or the other and the twin shocks of the GFC and Pandemic have deepened partisanship and