GM50: A Century of Disorder ft. Helen Thompson
Top Traders Unplugged
The Role of the Dollar in the International Monetary Order
Exploring the historical importance of the dollar as a reserve currency and its impact on global financial crises, including the recycling of the Chinese surplus and the development of dollar swaps.
Join us for a thought-provoking conversation with Professor Helen Thompson of Cambridge University, author of Disorder: Hard Times in the 21st Century, as we take a big picture perspective on the current global macro landscape. A key focus of Helen’s work is the role of energy markets in understanding global macro developments and we delve into Europe’s energy dependence on Russia. We hear about the factors which enabled Europe avoid an energy shortage in the winter of 2022 but why energy markets remain a risk factor for the Eurozone economy. We discuss the shift towards more proactive industrial policy in the US, what is driving it and how it relates to deglobalization. We also discuss China, its economic challenges and its evolving role in the Middle East and whether the global economy is truly fragmenting into distinct trading blocs. We get Helen’s perspective on the US dollar’s reserve status and why the US’s role in the international monetary order is as strong as ever and get her thoughts on the next year’s US presidential election.
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to info@toptradersunplugged.com
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Alan on Twitter.
Episode TimeStamps:
02:36 - Introduction to Helen Thompson
06:31 - Why did she write her book, "Disorder: Hard Times in the 21st Century"?
10:15 - The outlook for Europe's oil and gas dependency
17:23 - A longer-term structural challenge?
21:21 - A rebirth of the industrial policy
25:39 - Deglobalization - how real is it?
29:31 - What has caused the roll-back of globalization?
34:13 - When will we see a shift back to disciplined physical policies?
37:49 - Is the secular stagnation behind us?
42:06 - Should we expect more frequent spikes in oil prices?
44:25 - The shifting Saudi-US relationship - a potential risk?
48:35 - A challenged dollar?
53:16 - Is this time different?
57:38 - The civil discontent in the U.S.
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Remember Everything You Learn from Podcasts
