Eurodollar University cover image

Interviewing Russell Napier: What the Asian Financial Crisis Wrought [Ep. 160]

Eurodollar University

00:00

Is There a Global Market for All?

Instead of doing the hard work Of bringing about and tell me if I have this right some sort of new monetary understanding we locked in those developed exchange rates. Why did officials Let it slide was it just the era the time this where we are in the cycle where that sort of heavy lifting wasn't on anyone's agenda? You need a lot of political capital to do this, you need to go into Asia and through whatever means and mechanism persuade them not to run on the valid exchange rates That's not easy. The second thing is the undervalued exchange rates were a very quick Rapid and cheap way for them to become recapitalized. So why not allow this I would call surreptitious

Play episode from 22:13
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
 Get the app