Is it time to hedge? This is the $64 trillion question on the minds of investors. As we have stated in the past, we do not think a trade war will be as bad as the TV pundits and mainstream economists seem to think. In our view, the US & China have been in a trade war for a couple of decades. The US Government simply chose not to fight. A clear Chamberlain moment that lasted twenty years. And remember, the Chinese government has been running an anti-import/anti-free trade policy for decades and the Chinese economy has experienced one of the greatest economic advancement in history.