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Bob Elliott, co-founder / CIO at Unlimited, states that the economic integration between the U.S. and China achieved after China joined the WTO has largely reversed over the last decade.
The comment highlights the significant changes in trade and economic relations between both countries in recent years.
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Elliott has previously discussed how elevated housing prices are supporting U.S. consumer spending despite underlying economic weaknesses. He has also pointed to rising oil prices driven by inventory draws even as Gulf supply improved. These observations come as Elliott continues to comment on key economic shifts affecting global markets.