Eurodollar University cover image

Stock crash and bank failures, yet there wasn't a second Great Depression. But why not?

Eurodollar University

00:00

The Dollar's Strength in the 1980s

Greenspan was talking about the stock market, not just the US dollar asset system. He didn't realize it was a global phenomenon because by then we had globally interconnected markets. Stocks were intricately connected with the monetary system through something called call money or street loans in New York City. There was nothing like that in the 1980s.

Play episode from 07:14
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