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The Pricing of Risk
Strong currency is not the primary determinant, right? So for example, let's say we just had like a, and of course there's a matter of degree here. But what would be easier getting some more onshoring through kind of having a strict Fed and really controlling currency inflation and having stronger currency than enabling local development? I think that this is just a kind of like over explanation going on. All of the other factors that you describe are certainly real. And there's a few others that I would add to that pile.