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
Updated Sep 14, 2021 at 9:32 a.m. UTC

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.

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.

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

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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