MacroVoices #343 Jeff Snider: Why the Dollar Remains King
Macro Voices
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The Us Dollar and the System That We Have Today
The us. Dollar correlates very closely with other indications of global dollar shortages, not just foreigners selling their liquid us. Treasure reserves, but also financial markets such as the us. Treasury yield curve. A big one for me is e us. Dollar swap spreads, which are the difference between the quoted leg of an intrustrate swap and the same maturity us. Treasury. That's a deep fundamental monetary indication. And another one on slide 21, especially since 20 13 and 20 14, when the asian markets really got slammed hard by what we call the third uro dollar shortage, or our dollar number three.
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