Popping China’s Balloon?

Sometimes the headlines are hard to believe. Such was the case this past week, as a massive Chinese spy, presumably, balloon floated across the United States. Washington waited until it was just off the coast of South Carolina to shoot it down in order to prevent damages and injury on the ground. All of this begged a lot of questions. Don’t the Chinese have low-orbit satellites already? Why would they resort to a balloon which was visible on clear days? Why hasn’t Beijing pitched more of a fit about us blowing it up? Why was the Pentagon so patient in destroying it IF the balloon was really that much of a security threat? Or was this just another instance of a foreign power testing US resolve in an increasingly changing world?

In this week’s Trading Perspectives, Sam and John discuss the Chinese spy balloon and what appears to be a changing world order. Has the so-called “global South” had enough of the existing world order? If so, what comes next?