Manage episode 328698044 series 2679639
The Federal Reserve is hiking interest rates while the European Central Bank is in no rush to raise its policy rates. The Economics Textbook and Financial Media say that is why the dollar is rising and the euro is falling: interest rate differentials. But that is not it!
----EP. 234 REFERENCES----
What Really ‘Raises’ The Rising ‘Dollar’: https://bit.ly/3sr6xrx
Do I Owe Christine Lagarde An Apology?: https://bit.ly/3P8s6a8
Collateral Shortage…From *A* Fed Perspective: https://bit.ly/3ypudk0
Alhambra Investments Blog: https://bit.ly/2VIC2wWlin
RealClear Markets Essays: https://bit.ly/38tL5a7
Epoch Times Columns: https://bit.ly/39ESkRf
Jeff Snider, Head of Global Investment Research for Alhambra Investments. Master of ceremonies, Emil Kalinowski. Illustrations by David Parkins. Audio and video editor, Terence. Episode intro/outro music is "Timeless Clouds" by Luwaks.