Finance writer Jon Turek argues that between Federal Reserve swap lines, Europe stabilization and a few other factors, the strong dollar problem may be (temporarily) solved.
This episode is sponsored by Bitstamp and Crypto.com.
Today on the Brief:
The latest information in the Twitter hack
Thailand starts using its central bank digital currency
Treasury Secretary Mnuchin calls on Congress for more funds
Our main conversation is with Jon Turek, author of “Cheap Convexity.”
In this conversation, he and NLW discuss:
Why the dollar has gotten stronger thanks to a savings glut from Asia
How a too-strong dollar hurts other markets more than the U.S.
Why globalization died in 2011 and we just didn’t realize it
How the Fed fixed the global dollar plumbing
Why there are still questions of actual dollar shortages
The detente in U.S.-China financial relations
Find our guest online:
Website: Cheap Convexity
Twitter: @jturek18
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