The US-China decoupling means things will be tough for a generation of investors

The new Cold War between the US and China means that the next three decades will be very different to the last three – and that’s going to make investing very complicated indeed.

Donald Trump, Xi Jinping

A new Cold War between the US and China is clearly under way
(Image credit: 2016 Kyodo News)

Feeling nervous? You should be. That's the basic takeaway from the panel conversation I have been hosting at the Edinburgh Festival Fringe recently at Panmure House, Adam Smith's last home in Edinburgh.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.