Monetary Matters With Jack Farley podcast

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المحتوى المقدم من Jack Farley. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Jack Farley أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.

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My mission to change the narrative of mental health | Glenn Close 13:44

منذ 23 weeks13:44

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13:44

Legendary actor and mental health advocate Glenn Close is on a quest to change how we think about mental health, starting with her decision to speak out about her own family's struggles — a brave choice considering the stigma that pervades the topic. This week, we're revisiting this sweeping conversation with TEDWomen curator Pat Mitchell, where Close shares the inspiration behind the advocacy group she founded to combat the crisis, underscoring the transformative power of community and the critical need for comprehensive mental health care systems. Want to help shape TED’s shows going forward? Fill out our survey ! Become a TED Member today at https://ted.com/join Hosted on Acast. See acast.com/privacy for more information.…

Monetary Matters with Jack Farley

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Jack Farley interviews the very best financial minds about macro, markets, and monetary matters. Follow Jack on Twitter @JackFarley96.

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#Trading #Business News #Business #News #Jack Farley

Monetary Matters with Jack Farley

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updated منذ 12 ساعة

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Jack Farley interviews the very best financial minds about macro, markets, and monetary matters. Follow Jack on Twitter @JackFarley96.

121 حلقات

#Trading #Business News #Business #News #Jack Farley

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Monetary Matters with Jack Farley

1
Capacity Constrained by Design: The 25-Year-Old Building Niche Multi-Manager Hedge Fund Platforms | Zach Levitt 1:00:23

منذ 12 hours1:00:23

1:00:23

Zach Levitt, CIO and Founder of Sixth Turn Capital and Opus One Asset Management joins Other People’s Money to discuss how he is standing up multi-manager platforms at just 25 years old by focusing on niche capacity constrained managers. Levitt discusses the benefits of combining uncorrelated capacity constrained strategies in a multi-manager platform, his unconventional path to founding a multi-manager platform, how mentorship has helped accelerate his growth, and how he goes about attracting talented investors to his platform. Follow Zach on X: https://x.com/derivative_bro Follow Max on X: https://x.com/maxwiethe Follow Other People’s Money on: Apple Podcast https://bit.ly/4e7QJ1M Spotify https://bit.ly/3Yhaazi YouTube https://bit.ly/3C63VXR X https://x.com/opmpod Timestamps 00:00 Intro 00:48 Skipping the Analyst Track and Founding a Hedge Fund at 25 07:14 Many Great Track Records Indicate Nefarious Information Was Traded On 09:42 What Does a Good Capacity Constrained Manager Look Like? 13:38 What Level of Correlation is "Uncorrelated" 18:20 What Level of Capacity is "Capacity Constrained"? 21:30 Mentorship Through Podcasts & Cold Outreach 26:13 Convincing Managers To Join Your Platform as a 25 Year Old 28:46 Investor Interest in SMAs vs Commingled Funds 35:25 Battling Startup Costs 39:06 Selling Talented Investors on Your Success Story 43:39 Risk Management and Cutting Portfolio Managers 47:38 Marketing "Hypothetical" Track Records 52:32 Next Stages of Growth 54:20 Assessing the Capacity Limits 57:17 Can PA Traders Become PMs?…

Monetary Matters with Jack Farley

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Trade Policy Isn't Driving China’s Trade Surplus | Matthew Klein 1:13:35

منذ 1 day1:13:35

1:13:35

Matthew Klein, founder of The Overshoot and UN/BALANCED and co-author of Trade Wars Are Class Wars with Michael Pettis joins Monetary Matters to discuss what factors really lead to major trade and capital flow imbalances between countries. He argues that factors like income inequality, domestic economic policy and decisions being made at the corporate level can have far more impact than country level trade policy. He also discusses why even though extreme trade and capital flow imbalances may be dangerous, implementing improper solutions can exacerbate the damage. Follow Matthew Klein on Twitter: https://x.com/M_C_Klein Follow Jack Farley on Twitter https://x.com/JackFarley96 Read Matthews Substack The Overshoot here: https://theovershoot.co/ Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez Timestamps: 00:00 Intro 00:52 Why Trade Wars Are Class Wars 12:13 Trade Surpluses vs Trade Deficits 18:51 Income Distribution Drives Capital Flows 28:28 China's Shifting Income Distribution 33:41 The Problem With China's Growing Trade and Current Account Surplus 41:51 Who is Winning in China? 44:04 How to Combat China's "Cheating on Trade" 49:25 Who Has the Upper Hand in Trade Negotiations? 54:05 Will Tariffs Drive Reshoring? 59:53 How Can the US Restore Balance of Trade? 01:08:29 Conclusions…

Monetary Matters with Jack Farley

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“The Dollar Gets Annihilated” | Julian Brigden & Jonny Matthews on Fiscal Dominance, Secular Bond Bear Market, and Outlook on Rates & Tariffs 1:33:12

منذ 4 أيام1:33:12

1:33:12

This conversation was originally recorded for Julian Brigden’s research service, MacroCapture. Sign up for MacroCapture by MI2 Partners today with coupon codes MM10 (for annual) and MM10Q (for quarterly) to save 10% at: https://mi2partners.com/macrocapture-landing-page/ Julian Brigden of MI2 Partners and veteran macro trader Jonny Matthews of SuperMacro join Monetary Matters for a wide-ranging discussion of the forces that are contributing to a global weak market in sovereign bonds. Recorded May 28th and released for Julian’s MacroCapture clients on June 3rd. Follow Julian Brigden on Twitter https://x.com/JulianMI2 Follow Jonny Matthews on Twitter https://x.com/super_macro Follow MI2 Partners on Twitter https://x.com/MI2Partners Follow Jack Farley on Twitter https://x.com/JackFarley96 Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez…

Monetary Matters with Jack Farley

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What Investors Are Overlooking in AI & Semis | Val Zlatev 1:16:51

منذ 7 أيام1:16:51

1:16:51

Val Zlatev, Portfolio Manager and Senior Partner at hard tech specialist hedge fund Analog Century Capital Management joins Other People’s Money to discuss what he thinks investors still fail to appreciate about the secular growth of AI and semiconductors. He also discusses why DeepSeek was so misunderstood, other aspects of the AI supply chain, the state of the analog chip cycle, running long/short and market neutral strategies and garnering interest from the large multi-manager platforms. Learn More About Analog Century Capital Management: https://www.analogcm.com/ Follow Max on X: https://x.com/maxwiethe Follow Other People’s Money on: Apple Podcast https://bit.ly/4e7QJ1M Spotify https://bit.ly/3Yhaazi YouTube https://bit.ly/3C63VXR X https://x.com/opmpod Timestamps 00:00 Intro 01:15 What is Hard Tech? 02:41 The Evolution of the Hard Tech Sector From the 90s to Now 05:04 Investors Are Underweight Hard Tech 11:09 The Massive Impact of the End of Moore's Law 16:59 New Investment in Semiconductor Capacity 18:08 Why AI Should Be Compared to Cloud, Not Fiber 22:55 What Investors Got Wrong About DeepSeek 25:41 The US Government's Impact on AI & Chips 33:04 The Chinese Government’s Involvement in AI & Chips 35:13 Dominant Players in Chinese Semiconductor Market 39:12 The AI Supply Chain Beyond Semiconductors 43:53 Analog Semiconductors & Power Management 49:55 Winners, Losers, and Fakers in AI 57:03 Research Process for Hard Tech 01:01:25 Dispersion in Hard Tech Returns 01:03:31 Trading and Portfolio Construction at Analog Century 01:08:13 Market Neutral & Garnering Interest From Multi-Manager Platforms 01:12:20 Market Neutral vs Long/Short Investors 01:14:51 The Value of Partners and Team Continuity 01:16:42 Conclusion…

Monetary Matters with Jack Farley

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Soaring US Debt Burden & The Global Market Reset | Gerard Minack 1:32:18

منذ 8 أيام1:32:18

1:32:18

To learn more about the VanEck Merk Gold ETF (OUNZ): https://www.vaneck.com/OUNZJack/overview/ To view the prospectus: https://www.vaneck.com/OUNZProspectus Gerard Minack of Minack Advisors joins Monetary Matters to discuss why even though other developed nations like Japan may have higher debt to GDP ratios, factors like net debt, monetized debt, and the overall size of US debt make this comparison flawed. He argues these factors make the current trajectory of US debt levels completely unsustainable and that the bond vigilantes will step in long before even more extreme levels are reached. He also discussed the extreme valuation gap for US assets compared to the rest of the world, why he thinks that gap will narrow, Mag 7 dominance and AI, and why he thinks Japan, not China, is the large Asian market set to outperform. Follow VanEck on Twitter https://x.com/vaneck_us You can find Gerard Minack on Bloomberg Follow Jack Farley on Twitter https://x.com/JackFarley96 Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez Timestamps: 00:00 Intro 00:24 Van Eck OUNZ 01:00 Interest Rate & Bond Market Views 09:13 Comparing US Debt Levels to Japan 12:21 Comparing Soft & Hard Data 16:19 Two Growth Scenarios Affecting Rates This Year 23:30 Van Eck OUNZ 24:05 The New World of Higher Rates 33:12 How Higher Rates Impact Stocks 43:01 The AI Trade and US Valuations 49:23 The US Valuation Gap vs The Rest of the World 53:12 Mag 7 Dominance 01:03:15 Bearish on Chinese Stocks and Bullish on Japan 01:09:23 Japan's Macro Backdrop 01:16:19 The Neutral Rate & Demographics 01:21:22 No Recessions in Australia 01:26:16 Australian Outlook…

Monetary Matters with Jack Farley

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American Exceptionalism was a Fiscal Facade | Marco Papic 1:06:24

منذ 11 يومًا1:06:24

1:06:24

Marko Papic, Chief Strategist at BCA Research, joins Monetary Matters to argue that while tariffs may be the catalyst that shifts global appetites for US assets, it will be the necessary shift to fiscal hawkishness that will drive the end of “American Exceptionalism” and outperformance of US markets. Papic also discusses his views on as shift towards a multipolar world and why he views the dual polar world with US and China as competing global hegemons as the least likely outcome when compared with a multipolar reality or the revitalization of the American Empire. Follow Marko Papic on Twitter https://x.com/Geo_papic Follow Jack Farley on Twitter https://x.com/JackFarley96 Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez Timestamps: 01:00 Why TACO (Trump Always Chickens Out) is Wrong 08:29 Recession Risks vs Stock Market Risks 12:21 Comparing Soft & Hard Data 15:12 Timeline for Trade Policy Certainty 20:53 Tariffs as a Catalyst for Domestic Economic Improvements Globally 26:47 The US Fiscal Facade 28:28 China Outlook 30:14 The Big Beautiful Bill & US Fiscal Deficit 41:02 DOGE’s Political Signal Value 48:09 US Defense Spending 51:13 Russia & Ukraine War 56:07 Foreign Policy in a Multipolar World 01:03:01 Middle East Stability…

Monetary Matters with Jack Farley

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Patient Value Investing and America’s Industrial Advantage | Bob Robotti 1:14:07

منذ 14 يومًا1:14:07

1:14:07

Bob Robotti, legendary value investor and President and CIO of Robotti and Company Advisors, is one of a very select group of investors with a 30+ year track record of S&P 500 outperformance. Here he joins Other People’s Money to discuss long-term value investing, why he likes to invest in companies perceived to be facing headwinds, and his view that American based industrial companies are competitively advantaged for reasons completely unaffected by trade policy. He also discusses how he operates both an advisory business and a broker dealer business and how the broker dealer has served as a starting point for many other great value investors. Learn More About Robotti Advisors: https://advisors.robotti.com Follow Bob Robotti on X: https://x.com/BobRobotti Follow Max on X: https://x.com/maxwiethe Follow Other People’s Money on: Apple Podcast https://bit.ly/4e7QJ1M Spotify https://bit.ly/3Yhaazi YouTube https://bit.ly/3C63VXR X https://x.com/opmpod Timestamps 00:00 Intro 01:27 Patient Capital 08:05 Investing in Companies with Headwinds 12:13 Building Products Businesses 16:08 North American Industrial Advantage 22:41 Industries Returning to the USA 27:18 Valuing Businesses on Cost of Replacement 30:56 The Links Between Lumber, Building Products, and Housing 33:24 Engaging With Management in Long-term Positions 39:04 Trading Around Long-Term Positions 47:57 Buying Stocks After They've Gone Up 52:56 Trading Against Each Other 55:01 Having a Broker Dealer and Advisory Business 59:15 Jumping From the Sell Side to the Buy Side 01:04:08 Capital Churn 01:06:03 All US Equity Investors Should Compare Themselves to the S&P 500…

Monetary Matters with Jack Farley

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Regime of Uncertainty | Steve Hanke on Money Supply Shock, Tariff and Current Account, and Why Recession Remains Base Case For 2025 45:11

منذ 15 يومًا45:11

45:11

To view the prospectus for the VanEck Merk Gold ETF (OUNZ), please visit: https://www.vaneck.com/OUNZProspectus Learn more: https://www.vaneck.com/OUNZJack/overview/ Steve Hanke, author of “Making Money Work” and Professor of Applied Economics The Johns Hopkins University in Baltimore, joins Monetary Matters to share his thoughts on the anemic bank credit growth, fiscal and tariffs policy in the United States, and the global Dollar system. Recorded May 20, 2025. Follow VanEck on Twitter https://x.com/vaneck_us Follow Steve Hanke on Twitter https://x.com/steve_hanke Follow Jack Farley on Twitter https://x.com/JackFarley96 Steve’s book, “Making Money Work: How to Rewrite the Rules of Our Financial System”, on Amazon: https://www.amazon.com/Making-Money-Work-Rewrite-Financial/dp/1394257260 “Making Money Work” from Publisher (Wiley): https://www.wiley.com/en-us/Making+Money+Work%3A+How+to+Rewrite+the+Rules+of+Our+Financial+System-p-9781394257270 Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez…

Monetary Matters with Jack Farley

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Economic Policy To The Fore | Jason Furman on Deregulation, Tax Cuts, Tariffs, and Healthcare 37:39

منذ 18 يومًا37:39

37:39

Jason Furman, former Chairman of Council of Economic Advisers for President Obama and Aetna Professor of the Practice of Economic Policy jointly at Harvard Kennedy School (HKS) and the Department of Economics at Harvard University, joins Monetary Matters to share his view of the Trump administration’s “three-legged stool” of tariffs, deregulation, and tax cuts. Recorded May 20, 2025. Follow Jack Farley on Twitter https://x.com/JackFarley96 Follow Jason Furman on Twitter https://x.com/jasonfurman Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez…

Monetary Matters with Jack Farley

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Fiscal Decay, EM Parallels, and What’s Next for the Dollar | Nicolás Dujovne 1:25:14

منذ 20 يومًا1:25:14

1:25:14

Nicolás Dujovne, CIO and founder of Tenac Asset Management and former Treasury Minister of Argentina joins Monetary Matters to discuss the evolution of emerging market economies, EM debt investing, and why even though the US’s failure to address fiscal issues may be reminiscent of emerging markets it still falls short of full EM status even if it risks the US Dollar’s reserve currency status over the long run. Dujovne also identifies the opportunities he's watching now, explains why he thinks the dollar is moving lower, and makes the case for EM debt becoming more common in investor portfolios. Learn more about Tenac Asset Management: https://tenacam.com Follow Jack Farley on Twitter https://x.com/JackFarley96 Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez Timestamps: 00:46 The Impact of the Dollar on EMs Like Argentina 04:59 The Impact of the Fed and US Rated on EMs Experiencing Crisis 08:15 The Causes of Argentina's Inflation 15:17 The Mechanics of Money Printing 18:38 Macro Investing in Emerging Markets 28:30 Dollar Bonds vs Local Currency Bonds 34:55 Why Do Countries Issue Dollar Bonds? 40:05 The Case for EM Debt as an Asset Class 44:21 Balance of Payments 47:51 Economics vs Trading 52:58 Rebalancing the US vs the Rest of World 55:40 The Weakening US Dollar 57:54 Tariff Impacts on US GDP 01:01:36 One Year Dollar Outlook 01:03:25 Current Positioning 01:05:26 Current Market Anomalies 01:08:52 Is the US Becoming an Emerging Market 01:13:54 LATAM Tariff Winners 01:17:16 Opinions on Milei 01:21:18 Argentina Market Views…

Monetary Matters with Jack Farley

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The Holy Grail of Macro | Prometheus Macro’s Aahan Menon on Why Tariffs Won’t Cause A Recession And Why Buying Dips Only Works In An Expansion 1:43:54

منذ 23 يومًا1:43:54

1:43:54

Monetary Matters listeners can get a 25% discount to Prometheus Macro: https://www.prometheus-macro.com/monetarymatters Aahan Menon, founder and CEO of Prometheus Macro, returns to Monetary Matters to share his in-depth macro process. He talks about how returns come from three factors: carry, mean reversion, and trend, and about how these three factors interact with other macro variables. Prometheus Macro is a trusted source for Jack and Monetary Matters listeners can get discounted access to Aahan’s research service by using the link below. Annual subscriptions can be purchased at 25% off the monthly subscription rate, and monthly subscribers can get a 10% discounted rate. https://www.prometheus-macro.com/monetarymatters Follow Aahan Menon on Twitter https://x.com/AahanPrometheus Follow Prometheus Macro on Twitter https://x.com/prometheusmacro Follow Jack Farley on Twitter https://x.com/JackFarley96 Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez…

Monetary Matters with Jack Farley

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Is Private Credit a Systemic Risk? (A Regulator’s View) | Fabio Natalucci 1:25:12

منذ 26 يومًا1:25:12

1:25:12

Fabio Natalucci, CEO of the Anderson Institute for Finance & Economics, joins Monetary Matters to discuss his work at the IMF on the potential risks to the global financial system that the growth of private credit may pose. They also discuss the affects that tariffs will have not just on the economy but the functioning of the financial system. Learn more about the Anderson Institute: https://www.andersen.com/ Follow Jack Farley on Twitter https://x.com/JackFarley96 Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez Timestamps: 00:00 Intro 00:48 A Regulator's View of Private Credit 12:58 Private Credit Replacing the Banking System 15:46 New Types of Private Credit Investors 19:34 Private Credit Liquidity 24:11 Private Credit Leverage 29:00 Geographical Regulatory Risks 30:23 Is Private Credit Investment Grade? 36:01 Private Capital's Entry to the Insurance Business 41:49 Derivatives in Private Credit and Collateralized Fund Obligations 45:44 Economic and Financial Implications of Tariffs 01:01:53 The Risk of Foreigners Selling US Assets 01:09:53 Taiwan Life Insurance Markets 01:12:37 Does Trump Want a Weaker Dollar? 01:15:37 Lack of Consumption Ex-US 01:20:29 The Anderson Institute…

Monetary Matters with Jack Farley

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The Fed and The Flu | David Kotok on How Pandemics Transform Economies and Markets 1:04:57

منذ 27 يومًا1:04:57

1:04:57

David Kotok, Co-Founder & Strategic Advisor at Cumberland Advisors, joins Monetary Matters to discuss insights from his new book, “The Fed and the Flu: Parsing Pandemic Economic Shocks.” Kotok cites data over millennia to show that pandemics typically cause natural real interest rates to decline, and productivity and inequality to rise. Kotok argues that we must prepare for the next pandemic and shares his view on the origin of the COVID virus. Part II of an interview recorded on April 4, 2025, with the first part having aired on April 7, 2025. David Kotok’s book, “The Fed and the Flu: Parsing Pandemic Economic Shocks”: https://www.amazon.com/Fed-Flu-Parsing-Pandemic-Economic-ebook/dp/B0DCK1ZHJT Paper, “Longer-Run Economic Consequences of Pandemics”: https://www.nber.org/system/files/working_papers/w26934/w26934.pdf Follow Jack Farley on Twitter https://x.com/JackFarley96 Follow David Kotok on Twitter https://x.com/DavidKotokGIC Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez…

Monetary Matters with Jack Farley

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Milton Berg: “Overwhelming” Evidence of Bullish Action In Stock Market 1:24:41

منذ 29 يومًا1:24:41

1:24:41

Milton Berg, pioneer in technical market data analysis, explains why he thinks early April was a turning point in the U.S. stock market and why the stock market is likely headed higher. Recorded May 13, 2025 Follow Milton Berg on Twitter https://x.com/BergMilton Follow Jack Farley on Twitter https://x.com/JackFarley96 Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez…

Monetary Matters with Jack Farley

1
Ken Rogoff on Past, Present, and Future of U.S. Dollar Hegemony 1:07:59

منذ 4 weeks1:07:59

1:07:59

To view the prospectus for the VanEck Merk Gold ETF (OUNZ), please visit: https://www.vaneck.com/OUNZProspectus Learn more: https://www.vaneck.com/OUNZJack/overview/ Ken Rogoff’s new book on the U.S. Dollar on Amazon: https://www.amazon.com/Our-Dollar-Your-Problem-Turbulent/dp/0300275315 On Publisher’s site: https://yalebooks.yale.edu/book/9780300275315/our-dollar-your-problem/ Ken Rogoff, renowned economist and author of “Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance, and the Road Ahead” traces the development of the U.S. Dollar’s rise to world dominance, and he connects it with the trade and capital imbalances that have recently motivated large tariff actions from the United States. Rogoff argues that he thinks the Trump tariff policy through April 30 2025 was somewhat “dumb” but that there is a chance that 10 years from now Trump will be viewed as having been right. Recorded April 30, 2025. Follow VanEck on Twitter https://x.com/vaneck_us Follow Jack Farley on Twitter https://x.com/JackFarley96 Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez…

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