Is This the End of US Dominance?

Real Vision: Finance & Investing

Real Vision

Business News, Business, Investing, News

4.1 • 1.1K Ratings

🗓️ 22 January 2023

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Turkey has been the best-performing equity market in the world in dollar terms in 2022. Meanwhile, the Mexican peso and the Brazilian real have been among the strongest currencies against the buck this year. Amid global upheaval unlike anything in recent memory, emerging markets have become much more attractive to investors. Is this a durable trend in asset allocation? Andreas Steno Larsen welcomes Whitney Baker, the founder of Totem Macro, for a conversation about the convergence of deglobalization, inflation, and quantitative tightening and the emergence of emerging markets as we transition to a multipolar geopolitical-macroeconomic regime. Follow Whitney on Twitter @TotemMacro. Recorded on November 23, 2022. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This episode is brought to you by London Business School.
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0:50.0	And now to today's episode.
0:54.0	Hi, this is Andreas Stainel from Real Vision speaking.
0:58.0	Why is Turkey the best performing equity market in dollar terms this year?
1:04.0	Why is the Mexican peso performing versus the US dollar?
1:10.0	And why is Brazil back in fashion during a global cost of living crisis?
1:16.0	Those are some of the questions I've been asking myself over the course of the year.
1:21.0	In an environment with falling stock pockets throughout the Western world.
1:27.0	And I've invited one of the very best emerging markets specialists, I know globally,
1:34.0	to discuss whether this is an early warning signal that the US asset out performance is about to end.
	...

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