Ep. 75 - U.S. in the Eye of a Global Economic Hurricane
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Description
Europe’s energy issues threaten both businesses and households; the U.S. will be impacted by Europe’s growing economic and social instabilities. We are facing a Minsky Moment brought on by more than a decade of burgeoning debt and risk-taking (consider the Minsky Moment framework explained in this Podcast).
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BRICS+ just ended the dollar’s strangle hold on Petro-dollar trade. Russia/China have largely eliminated their dollar trade with Russia eliminating dollar holdings entirely and China seemingly following suit (China is the past largest holder of US government debt). Forget the G20 and now look...
Published 06/28/24
Published 06/28/24
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