Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it.

I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and

I'm going to explore the lessons we can learn when creativity and ambition collide

with competition and power.

Listen to Crash Course every Tuesday on the IHeartRadio app, Apple Podcasts,

or wherever you get your podcasts. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

Daily, we bring you insight from the best in economics, finance, investment, and international

relations.

Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the Bloomberg. Let her name

rain with us with FS investments right now they're chief economists and of

of course with the heritage of looking at foreign exchange.

How do you fold the dollar into our economy?

Most of the interviews we do say,

you know, the dollars worth talking about,

but it's not that big a deal. I just don't buy that. So I you know I think the

dollar has shifted from being important for full GDP to analyzing GDP growth to

investors because we've seen the dollar make, you know, you

and I have been around through some huge dollar moves, but the last couple of years we've

seen dollar, you know, up 10%, down 10%, back up again.

And that has an impact on corporations, especially S&P 500, enormous multinationals with big international supply chains and you see it having an impact

on earning statement so to me that's a more near-term risk because when we think about trade

right that's the normal place that the dollar used to feed through into the economy.

...