BREAKDOWN: What If the Too-Strong Dollar Is a Solved Problem? Feat. Jon Turek

Finance writer Jon Turek argues that between Federal Reserve swap lines, Europe stabilization and a few other factors, the strong dollar problem may be (temporarily) solved.

This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

• The latest information in the Twitter hack
• Thailand starts using its central bank digital currency
• Treasury Secretary Mnuchin calls on Congress for more funds

Our main conversation is with Jon Turek, author of “Cheap Convexity.”

In this conversation, he and NLW discuss:

• Why the dollar has gotten stronger thanks to a savings glut from Asia
• How a too-strong dollar hurts other markets more than the U.S.
• Why globalization died in 2011 and we just didn’t realize it
• How the Fed fixed the global dollar plumbing
• Why there are still questions of actual dollar shortages
• The detente in U.S.-China financial relations

Find our guest online:

Website: Cheap Convexity

Twitter: @jturek18