Global Racketeering: Big Tech and the King Dollar | David Woo
The dollar rally is accelerating. Why is the dollar so strong? Where is it headed? Is a strong dollar a blessing or will it spell troubles for the world? Why haven't the aggressive interest rates hikes by the Federal Reserve slow the US economy? Why haven't high interest rates pop the stock market bubble and high mortgage rates bring down home prices? Is the monetary policy transmission mechanism broken? Is the breakdown of the relationship between bonds yields and the stock market here to stay? Investors have decided that the Magnificent 7 are still the stocks to buy now. What could prove them wrong? David Woo, a former top-ranked Wall Street global macro strategist, tells it as it is. You may not agree with everything he says but he will make you reassess everything you thought you knew.
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