Macro Mondays Strong Dollar Means Weak Dollar?
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Aug 12, 2025 The hosts discuss the intriguing dynamics of the U.S. dollar, exploring how its strength influences global trade and geopolitics. They dissect Trump's unexpected view on a 'strong dollar' and its broader implications. A humorous take on 'Liberation Days' adds levity, while serious analysis covers firefighter salaries and tech valuations. The conversation also touches on the impacts of inflation, tariffs, and global events like the Ukraine conflict, all while forecasting market trends affecting Ethereum.
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Firefighter With $450k Pay
- Mikkel highlighted a San Francisco firefighter reportedly earning over $450,000 a year due mainly to overtime.
- Andreas used the example to illustrate fiscal strains and the risk of rising public deficits.
Tech vs Staples Chart Is Misleading
- Andreas rejects BofA's tech-to-S&P ratio as flawed because tech grows exponentially while staples don't.
- He argues linear comparisons between exponential and non-exponential sectors produce worthless analysis.
Strong Dollar Defined As Utilization
- Scott Bessent defines "strong dollar" as high utilization in trade and reserves rather than price.
- A modest, steady dollar decline helps foreigners accumulate treasuries and cements dollar use globally.