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...]
260: Is This Why Interest Rates Are Falling and the Global Economy Slowing?
Has the offshore dollar market in terms of dollar financing and currency hedging gotten so big that it can dictate Federal Reserve monetary policy including the expected short-term interest rate cut by the Fed at its July 2019 open market committee meeting? In other words, has the Federal Reserve lost its ability to conduct monetary policy and control interest rates as it sees fit and is now in search of other tools? In this episode you’ll learn: Why the Federal Reserve is puzzled by … [Read more...]
134: It’s Just Money
Why we should be indifferent toward money and what are the risks of a dollar shortage. In this episode you'll learn: Show Notes Sweden's Riksbank eyes digital currency - Financial Times India Scraps 500 and 1,000 Rupee Bank Notes Overnight - BBC India banks overwhelmed after rupee withdrawal - Financial Times Zimbabwe's Currency Hail Mary - Foreign Policy Worldwide Currency Usage and Trends - SWIFT Global dollar credit: Links to U.S. monetary policy and leverage - … [Read more...]
