Odd Lots How to Prepare for a Post-Dollar World with Inigo Fraser Jenkins
160 snips
Jul 24, 2025 
Inigo Fraser Jenkins, a strategist at Alliance Bernstein, dives into the shifting tides of global finance. He discusses the ramifications of increasing debt loads, the impact of AI on the economy, and the challenges posed by de-globalization. Inigo highlights how these factors could alter the U.S. dollar's dominance and what that means for investors. He also emphasizes the necessity for fresh strategies in an era marked by volatility and inflation, urging listeners to rethink their approach to asset allocation amidst these transformations.
AI Snips
Chapters
Transcript
Episode notes
Long-Term Secular Trend Reversals
- Major long-term secular trends like deglobalization and shrinking populations are reversing previous patterns.
- These shifts fundamentally change growth prospects and investor market expectations.
Debt Levels Versus Sovereign Risk
- High government debt levels are a concern but demand for liquid safe assets keeps yields in check.
- Rising debt service costs could risk sovereign stability if they surpass defense budgets long term.
Dollar's Safe Haven Status Erodes
- Dollar's safe haven role is weakening, shown by changing correlations with bonds and gold.
- True shift would need large institutional outflows from US bonds, which haven't occurred yet.