Thoughtful Money with Adam Taggart · Sunday, August 16, 2026
Peter Tchir, Head of Macro Strategy at Academy Securities, argues that many large asset managers are reluctant to accept that globalization is over. He believes that the trend of 'production for security' is a fundamental shift that will not disappear, regardless of political events.
“And many of the people who are in senior rose to those levels because they embraced globalization. And I think they're having difficulty seeing and believing that this kind of production for security is not, is just going to go away.”
“What you're starting to see is the government use its wallet more directly.”