Jacob Shapiro

Jacob Shapiro, Director of Research at the Bespoke Group and a geopolitical expert, joins the hosts to explore the transition from a unipolar to a multipolar world and its implications for investments. He emphasizes the need for diversified strategies in emerging markets following geopolitical shifts, particularly post-Ukraine conflict. The conversation also tackles the complexities of the current economic landscape in the U.S., inflation, and opportunities in markets like China and India. Shapiro shares personal insights, blending humor with expert analysis on navigating market changes.

Harris Kupperman, a contrarian investor, shares his thoughts on the AI bubble and seeks international bargains, especially in Latin America. Porter Collins discusses Trump's tariffs, predicting winners and losers in the market and highlights gold as a hedge against policy risks. Dario Perkins expresses concerns about underestimating reflation risks for 2026, while Jacob Shapiro analyzes U.S. foreign policy dynamics. Vincent Deluard is surprised by Trump's effectiveness and anticipates more fiscal stimulus and energy sector growth. It's a lively mix of insights!

Jacob Shapiro, a geopolitical analyst who advises investors and companies, joins to explore geopolitics' ripple effects. He discusses food-supply consolidation and agriculture investing. He reevaluates Iran and the risks of prolonged conflict. He examines Mexico beyond cartels, multipolarity versus U.S. policy shifts, and future threats from AI and WMD proliferation.

In this engaging discussion, Jacob Shapiro, Head of Geopolitical and Macro at the Bespoke Group, analyzes the recent U.S. military actions against Iran. He explores whether Trump's strike is a strategic gamble or a dangerous risk. Shapiro discusses the consequences of U.S. unpredictability in global alliances and the declining dollar, while examining China's ambitions in the Middle East. He raises alarm over the internal chaos in Iran and its implications, warning about the underestimated threats facing the West amid these geopolitical tensions.

Jacob Shapiro, geopolitical strategist who frames long-term conflict and energy risks. He explores how the US-Israel campaign reshapes Gulf states' financial ambitions. He examines the Strait of Hormuz as a strategic choke point. He discusses incentives for faster energy transition and how U.S. actions accelerate a more multipolar world.

Jacob Shapiro, a geopolitical analyst focused on energy, commodities, and security, outlines how the Iran war reshapes oil, fertilizer, and supply chains. He explains why fertilizer disruptions will lift food costs, why the Gulf may no longer be a safe-haven for investment, and why China’s reaction is the pivotal long-term question. He warns of a narrow window to avoid a rough second half of the year.

Marko Papic, a geopolitical strategist at BCA Research, and Jacob Shapiro, director of research at the Bespoke Group, offer sharp insights on the geopolitical implications of Nicolás Maduro's arrest. They explore how this event signals a broader shift to a multipolar world, analyzing the fracture of global inflation narratives and the importance of industrial metals over traditional oil concerns. With emphasis on new investment opportunities in Latin America, they argue that passive investing is dead, urging active management in today's complex market landscape.

Jacob Shapiro, geopolitical analyst focused on global conflict and energy, explains how the Iran war reshapes geopolitics. He discusses how lifted oil sanctions give Putin temporary relief. He warns chaos in a nuclear-armed Russia is the real risk. He outlines a contrarian bull case for Europe as it reorients on energy, defense, and trade.

Today we are joined by Jacob Shapiro and Roger Hirst. Jacob is the Geopolitics Editor at financial media company Lykeion, co-author of a monthly research publication focused on the converging worlds of Geopolitics and Macro, Partner and Director of Geopolitical Analysis at Cognitive Investments, and Founder and Chief Strategist of the business and political risk consulting firm Perch Perspectives. Roger is the Macro Editor at financial media company Lykeion and the Managing Editor of Real Vision Creative Studios. Together they provide a powerhouse of insights into the machinations of geopolitics and macroeconomics. Key in this conversation are Jacob’s and Roger’s insights into China and whether China has the capacity to influence global growth going forward. In our conversation we explore the possibility and probability of deglobalization and what that might mean. In addition Roger and Jacob turn the spotlight on Latin America and the potential it holds given the current geopolitical and macroeconomic constraints the world is facing. Join us in this deep dive into what lies behind and beneath these pressing issues.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Roger on Twitter.Follow Jacob on Twitter.Episode TimeStamps: 02:42 - Introduction to Shapiro & Hirst 09:22 - Where lies the uncertainty? 11:01 - The ultimate impact on markets 15:32 - Reflecting on Peter Zeihan's work 25:17 - Can we rely on Chinese data? 34:34 - The problems with Chinese real-estate 36:56 - Xi Jinpings geopolitical ambitions 40:35 - Can China still influence global growth? 46:51 - The relationship between Russia and China 48:50 - Are we heading towards deglobalization? 54:19 - A disruption in global commodities 01:04:49 - A bad outlook for equities? 01:07:57 - Are we forgetting Latin America? 01:10:08 - A shift in equities? 01:12:18 - Thanks for listening Copyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Jacob Shapiro, Director of Geopolitical Analysis at Cognitive Investments, dives into the current Middle East conflict and its economic ramifications. He discusses Israel's strategic positioning and the growing threat from Turkey, alongside the shifting alliances with Saudi Arabia. The conversation touches on the implications of the upcoming U.S. election, particularly regarding its effects on Mexican economics and diplomatic relations. Shapiro also delves into demographic shifts globally, emphasizing the challenges and opportunities these changes present for various nations.