A macro knowledgeable joins to debate why the U.S. greenback and economic system are extra broadly poised to suck the liquidity from your entire international economic system.
You already know the meme: Cash printer go brrr. It means inflation proper?
Not essentially, says Brent Johnson. Since 2016-2017, Johnson has been arguing the large financial difficulty of our time isn’t inflation of the U.S. greenback as a result of extra cash printing, however the havoc attributable to a world system the place the greenback retains getting stronger and sucks up liquidity from the remainder of the world.
Because the greenback has strengthened over the COVID-19 disaster, his concepts look extra prescient than ever. On this dialog with NLW, Johnson discusses:
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