
Surveillance: Fast as Lehman with McDonald (Podcast)
Bloomberg Surveillance
00:00
Is the Leverage Just Different and Different Place This Time?
The fad is trying to stop inflation in the united states by promising you a thousand rais. The rest of the world is not doing anything in that regard in heevelop market, except for maybe canada. So what happens is, when the dollar strengthens and you're in indanesia, or any emerging market country, you're trying to buy wheats,. Youre try to buy corn, you try to buy oil gas. Your the fet is essentially exporting information from the united states. And so exactly, we've transferred the lemin risk from the balance sheets of the banks yer sovereigns. Now the feds accelerating rates up, and they're blowing up the global bond
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