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The Age of Strategic Exclusion

geopolitical_fragmentationGlobalWar on the Rocks14 Sept, 07:30 UTC

Context

Major powers are increasingly trying to shut out their rivals. Russia invaded Ukraine in part to prevent the latter’s further integration with the West. The United States is restricting China’s access to advanced semiconductors and encouraging allies to do the same. China’s Belt and Road Initiative secures privileged positions in strategic infrastructure and economic relationships. Though these examples vary in aims and methods, they reflect a growing willingness of major powers to restrict rivals’ access and influence.I use the term ‘strategic exclusion’ to describe policies that move competition from shared access to restricted access. Territorial control is its most extreme The post The Age of Strategic Exclusion appeared first on War on the Rocks.

What it means

Causal chain

No clear market signal

How to read a signal
Severity
the event's market impact, 1–5
Direction
/ likely price move for the asset
Exp. move
the size of the abnormal move we'd expect if the call plays out — not a claim a move will happen:
Ssmall<1%
Mmoderate1–5%
Llarge>5%
Most flagged events don't move beyond noise; those count against us (see the track record).
Timeframe
the window we measure over:
1dshort
5dmedium
21dlong
Conviction
how well-established the directional call is (textbook → speculative) — not a guaranteed outcome:
low
average
strong

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Not investment advice · for informational purposes only. Generated 14 Sept, 07:33 UTC