GM83: The Risk We Forgot to Price ft. Barry Eichengreen

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 670 Ratings

🗓️ 18 June 2025

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Barry Eichengreen joins Alan Dunne for a clear-eyed look at a system losing its anchors. The dollar’s standing, long insulated by trust and habit, now faces a different kind of test... one shaped less by challengers abroad than by fractures at home. They explore how rising debt, political entropy, and institutional strain are converging in ways that markets are only beginning to price. From the quiet retreat of safe haven flows to the uneasy future of central bank independence, this is a conversation about slow shifts with fast consequences, and what happens when credibility, not currency, becomes the liability.

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Episode TimeStamps:

00:09 - Introduction to Barry Eichengreen

03:51 - The Future of the Dollar: Concerns and Predictions

14:29 - Fiscal Challenges and Policy Responses

33:04 - Analyzing Economic Policies and Their Impacts

49:18 - Global Economic Perspectives: Trade Wars and Currency Alternatives

56:46 - The Future of Global Currency Systems

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Transcript

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0:00.0	I think it's about to trade the trade war of the 1930s build over into all kinds of diplomatic and geopolitical problems.
0:17.0	So there's the danger of that.
0:19.0	The US then experienced three major banking crises,
0:23.2	and everybody liquidated their dollar reserves,
0:26.4	leaving not enough global liquidity to go around.
0:29.3	So one could imagine a similar chain of events unfolding now.
0:36.9	Imagine spending an hour with the world's greatest traders.
0:40.9	Imagine learning from their experiences, their successes, and their failures.
0:45.3	Imagine no more.
0:47.1	Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund
0:52.0	managers in the world so you can take your
0:54.2	manager, due diligence, or investment career to the next level.
0:58.0	Before we begin today's conversation, remember to keep two things in mind.
1:02.0	All the discussion we'll have about investment performance is about the past, and past
1:06.1	performance does not guarantee or even infer anything about future performance.
1:10.7	Also understand that there's a significant risk of financial loss with all investment strategies,
1:15.0	and you need to request and understand the specific risks from the investment manager about their product
1:20.4	before you make investment decisions.
1:22.8	Here's your host, veteran hedge fund manager, Niels Kostrup Larson.
1:36.6	Welcome and welcome back to another conversation in our series of episodes that focuses on markets and investing from a global macro perspective. This is a series that I not only find
1:42.9	incredibly interesting, as well as intellectually challenging,
1:46.0	but also very important given where we are in the global economy and the geopolitical cycle.
	...

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