How the Trump administration is using tariffs as a negotiating tool to weaken the U.S. dollar and increase the global competitiveness of U.S. manufacturers. Topics covered include: Why U.S. stocks are falling, and recession risk is increasing How the U.S. dollar as the reserve currency is becoming a burden on the U.S. How the Trump administration aims to reduce its trade deficit and make it less attractive for foreign governments to own U.S. assets What are the risks of … [Read more...]
322: Why Currency Exchange Rates Matter
How a nation's balance of payments impacts its currency exchange rate as evidenced by Turkey and other countries. Topics covered include: What is a nation's balance of payments, its current account, and its capital account How an individual's personal financial flows are similar to those of a country What is causing the currency crisis in Turkey and Lebanon Why gold imports have increased by 150% in Turkey What is the Triffin dilemma or paradox and does as how does it … [Read more...]
185: Are U.S. States Just Like Greece?
How Illinois and other states can suffer a debt crisis like Greece but why it wouldn't lead to an economic depression similar to what Greece suffered. Photo by Oleksii Khodakivskiy In this episode you’ll learn: How the economies of Greece and Portugal compare to Illinois.Why Illinois and other U.S. states have similar constraints as Greece to combat recession.What is an internal devaluation and why doesn't it work.What are sudden stops. Show Notes State of Illinois … [Read more...]
MNY039 Plus: The Swiss National Bank Ends Its Currency Manipulation
In this week's Money For the Rest of Us Plus episode, we explore the shock that ran through currency markets this past Thursday as the Swiss National Bank announced it would stop trying to prevent the Swiss franc from strengthening. Within minutes the Swiss franc appreciated over 20% against the euro, inflicting losses on many investors. This is a classic example of what can happen when a country tries to manipulate its currency and then stops. The episode length is 15 minutes. (I … [Read more...]
