What has caused the U.S. dollar's currency exchange rate to be the strongest in twenty years? How a strong dollar leads to slower global economic growth and falling asset prices. Topics covered include: Show Notes Wall St blames missteps at FedEx as parcel service fails to deliver Steff Chávez and Andrew Edgecliffe-Johnson—Financial Times The Global Dollar Cycle by Maurice Obstfeld and Haonan Zhou, BPEA Conference Drafts, September 8–9, 2022—Brookings Papers on Economic … [Read more...]
297: How To Protect Your Savings
How to protect your savings from monetary threats like devaluation. Why high yield savings accounts exist and are they worth it. Topics covered include: Why Lebanon defaulted on its national debt and announced it will devalue its currency by 57%.Why some depositors in Lebanon will probably lose some of their bank savings.What investors can do to protect themselves from currency devaluations.What are stablecoins and why are they useful.Why some online banks pay above-average interest … [Read more...]
