What If the Too-Strong Dollar Is a Solved Problem? Feat. Jon Turek
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.
Jul 17, 2020 at 7:27 p.m. UTC
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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.
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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
STORY CONTINUES BELOW
Find our guest online:
Website: Cheap Convexity
Twitter: @jturek18
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
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