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Real Vision: Finance & Investing

The Dollar in an Increasingly Multipolar World ft. Luke Gromen & Larry McDonald

Real Vision: Finance & Investing

Real Vision

Business, Business News, News, Investing

4.21K Ratings

🗓️ 1 October 2023

⏱️ 78 minutes

🧾️ Download transcript

Summary

​🔥 JOIN THE NEW REAL VISION for just $20,14 https://rvtv.io/3ZyY70t In the fourth installment of our Crash or Boom series, New York Times bestselling author Larry McDonald, founder of The Bear Traps Report, is joined by Luke Gromen, founder and president of Forest for the Trees, to discuss how to think about the U.S. dollar in today’s environment. They analyze how the dollar drives monetary policy, the commodity cycle, and financial repression in this era of fiscal dominance and multipolarity. Recorded on September 11, 2023. To find more of Larry’s work, visit: https://www.thebeartrapsreport.com Larry has also provided some supplementary charts, which you can view here: https://rvtv.io/3LiElQX Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:07.7

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0:26.7

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0:57.3

Hi everyone, welcome to the latest in our special series, Crash or Boom,

1:09.8

how to profit from what's coming next.

1:12.1

In the conversations that have taken place so far, we've had agreement on a key point.

1:16.5

The support coming from fiscal spending in the US and Europe has offset the tightening response

1:22.2

from central banks and made timing this cycle much more difficult.

1:26.8

But opinions on where we go from here and what assets perform best are all over the place.

1:32.5

As you've heard, Raul is bullish tech and crypto.

1:35.6

Michael Survey is worried that bonds and stocks are vulnerable to another spike in rates and inflation.

1:41.3

He's bearish.

1:42.4

Lizanne Saunders thinks we're in a rolling recession and period of heightened economic volatility.

1:48.0

And investors need to stick to quality stocks and bonds.

1:51.7

David Rosenberg is down to 20% equities in his portfolio.

1:56.0

He admits to being early, but Warren's a recession is coming and Treasury bonds will be the

2:01.5

place to ride it out. In the conversation you were about to hear, Larry Mcdonald and Luke

2:06.2

Groman bring up yet another factor that must be considered, the performance of the US dollar

...

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