Rohit Goel of Breakout Capital joins the podcast to discuss his view that the boom in the US dollar (and in US dollar-denominated assets) will soon give way, to be replaced by a long-awaited bullish cycle in emerging markets.
Content Highlights
Markets have grown accustomed to US dollar dominance and with it a surge in US assets, specifically stocks. That is due for a cyclical reversal (1:00);
There are three factors supporting US growth. One of them is almost certainly due to run its course (4:43);
The global economy revolves around the US consumer as driver of growth. But that too can change -- and other markets are better equipped to pick up the slack on their own (9:26);
Despite all this, the US dollar should maintain its status as reserve currency. However, its dominance is waning (14:55);
Background on the guest (23:28);
Big tech stocks have worked very well for over a decade. But things are shifting to eat into their cashflows and there are reasons to believe too much optimism could be priced in... (26:07);
The trend is for growth to originate elsewhere than US tech... (30:28);
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