Ep.465: The Coming Storm: Why 2026 Looks a Lot Like 1914 | Odd Arne Westad – Hidden Forces

Ep.465: The Coming Storm: Why 2026 Looks a Lot Like 1914 | Odd Arne Westad – Hidden Forces

Bullish:

$DEFENSE - Great power conflict risk at highest levels since Cold War height, driving defense spending and military preparedness globally.
$INFRA - Critical infrastructure vulnerability and interconnectedness creates massive investment need for security and resilience.
$ENERGY - Energy infrastructure identified as prime target for terrorism and conflict, creating security premium for energy assets.

Bearish:

$GLOBALIZATION - Multipolar world with rising tensions and protectionism reversing decades of globalization and international trade.
$CHINA - Taiwan conflict risk and deteriorating US-China relations threaten Chinese assets and economic stability.
$STABILITY - System-wide instability with no hegemon willing to maintain order, paralleling pre-WWI breakdown.