I find these two charts absolutely fascinating right now in the face of the geopolitical changes happening. This idea stems from a pretty simple question: Who stands to benefit the most should supply chains need to be retooled because our current providers fail?
If the economy in China implodes due to civil unrest or a structural change in CCP/PRC leadership, where will the globe look to in order to replace that gap? Latin America and/or Africa.
Yes, I know there's a shit load of assumptions, leaps in logic, etc. in this. I could write a novel on the mechanics of how this could theoretically play out. But just for a moment, think about it. We trade one cheap labor for another. We already have well-established supply chains in Latin America. We have geopolitical leverage over them and have been willing to push heavily to influence elections. Who knows.
Anyways, again, I thought the charts were just so interesting in the wake of a sea of other charts that suggest things are just getting warmed up.
The ILF and EZA are the most interesting macro charts to me right now.