Merryn Talks Money
Saxo’s 'Outrageous' Forecast Sees Trump Blowing Up the Dollar
Dec 6, 2024
John Hardy, Chief Macro Strategist at Saxo Bank, shares his insights on outrageous economic forecasts. He predicts a surprising revival of Trump potentially destabilizing the US dollar and discusses Nvidia's ascent in the tech world. Hardy examines the dynamic shifts in energy markets due to the rise of electric vehicles, and delves into China’s economic hurdles, including its digital currency future. Their forecasts challenge conventional thinking, provoking thought on how these events could reshape global financial landscapes.
33:47
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Quick takeaways
- The podcast discusses how a potential return of Trump-like policies could lead to a significant decline in the U.S. dollar's value.
- It predicts a burgeoning cryptocurrency market as an alternative to the dollar, possibly reaching over $10 trillion amid currency declines.
Deep dives
The Future of the U.S. Dollar Amid Nationalist Economics
The idea that a return of a Trump-like figure could lead to a significant decline in the U.S. dollar is explored, highlighting a potential shift in global financial dynamics. Factors such as tariffs and the weaponization of the dollar could encourage major trading partners to seek alternatives, leading to a more multipolar currency landscape. The economic implications of a self-interested U.S. economy are also discussed, indicating that nationalist policies might weaken the dollar over time. This situation is further complicated by discussions around alternative currencies that could emerge among major global players, particularly if the dollar continues to lose ground.
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