Thoughtful Money with Adam Taggart · Sunday, August 16, 2026
Peter Tchir cites Australia's announcement of its first refinery in 60 years as a significant indicator of a global trend towards 'production for resilience.' He believes this signals a broader realization that countries cannot solely rely on China or even the U.S. for essential goods and energy.
“And for me, one of the biggest wins of the past two weeks and, you know, this is kind of probably going to sound whimpy to everyone else, but I was really happy when Australia about two weeks ago announced their first refinery in 60 years.”
“Like, every country is kind of coming to this eye-opening conclusion that you certainly cannot rely on China for anything, and maybe you can't rely even quite on the US as much as you once did.”