Chase Taylor of Pine Cone Macro rejoins the pod for a candid conversation about the Iran War and its ripple effects on global markets, military strategy, and U.S. geopolitical standing. Jacob and Chase discuss escalation dynamics in the Strait of Hormuz, the psychology of both leaderships, and what a realistic off-ramp might look like. They close out on the topic of U.S. competitiveness - covering energy policy, education investment, human capital, and the looming threat of nuclear proliferation.
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Timestamps:
(00:00) - Welcome
(01:21) - War Anxiety and Cash Question
(03:26) - Leadership Narratives and Intel Gaps
(06:33) -Iran Capabilities and Escalation
(09:55) - Hormuz Toll Booth Scenarios
(15:35) - Markets Underpricing the Shock
(21:51) - When Crisis Feels Real
(27:23) - Defensive Positioning and Themes
(32:08) - China Gains From Energy Shift
(33:32) - China Soft Power Play
(34:16) - Why Sugar Spikes
(35:55) - Sugar Timing And Refinery
(37:02) - What To Do With 401k
(40:25) - Argentina Energy Bet
(44:19) - Pre War Market Themes
(47:17) - Middle East New Equilibrium
(50:17) - Winners Losers And Energy
(55:28) - US Dutch Disease Debate
(01:02:55) - Human Capital And Nukes
01:06:08 Closing Thanks And Outro
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Referenced in the Show:
Pine Cone Macro - https://www.pineconemacro.com/
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Jacob Shapiro Site: jacobshapiro.com
Jacob Shapiro LinkedIn: linkedin.com/in/jacob-l-s-a9337416
Jacob Twitter: x.com/JacobShap
Jacob Shapiro Substack: jashap.substack.com/subscribe
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The Jacob Shapiro Show is produced and edited by Audiographies LLC. More information at audiographies.com
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Jacob Shapiro is a speaker, consultant, author, and researcher covering global politics and affairs, economics, markets, technology, history, and culture. He speaks to audiences of all sizes around the world, helps global multinationals make strategic decisions about political risks and opportunities, and works directly with investors to grow and protect their assets in today’s volatile global environment. His insights help audiences across industries like finance, agriculture, and energy make sense of the world.
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