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| What Traffic Jams on Mt. Everest Teach Us About the Market By D.R. Barton, Jr.
Dear 10-Minute Millionaire Reader,
It seems that China has been in the headlines for all the wrong reasons lately. First, there were concerns over China's rapid and aggressive militarization of the South China Sea, an effort that could threaten U.S. allies and their interests (not to worry, the U.S. has an ace up its sleeve). Next, trade relations soured between the U.S. and China as Presidents Trump and Xi exchanged vollies of tariffs back and forth, leading to significant pullbacks in the market.
But most recently, the alarming headlines concerning China have come from Mt. Everest, in the disputed Chinese territory of Tibet. Over-commercialization of guided treks up the world's tallest mountain have lead to log-jams at the peak, with deadly results.
You see, humans were not designed to climb that high. I'll spare you the grisly details of what happens to a person above the "Death Zone" (approximately 26,247 ft.), but basically if you spend too long above it, the air becomes too thin to survive. With too many mountaineers attempting to reach the top in a small window of time, the delays have driven the death toll up to 11 climbers in 2019.
Just as climbers face life-threatening dangers ascending natural wonders of the world, investors must account for the threats accompanying our incredibly high markets, especially looking out for the possibility of perilous drops like the China trade deal.
So while solving the issue of traffic on Everest could take years of reforms, this weekend does have the chance to at least start resolving a geopolitical jam troubling China headlines...
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