WTFinance Major Currencies Are Headed for a Reckoning | Lyn Alden
Jan 20, 2026
Lyn Alden, macro strategist and author of Broken Money, offers a crisp macro roadmap. She digs into fiscal dominance, why 2025 may be headline-driven, and the risks of currency devaluation. Short takes cover inflation, demographics, immigration effects, institutional decay, geopolitics, and how to prepare for large systemic shifts.
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Markets Became Headline‑Driven In 2025
- Lyn Alden says 2025 shifted markets from liquidity-driven to headline-driven driven by geopolitics and politics.
- Fiscal dominance underlies this shift and increases frequency of extreme outcomes.
Politics Overlay Predictable Liquidity Trends
- Alden distinguishes political shocks from predictable liquidity moves like QE/QT timing.
- Political decisions now overlay predictable plumbing, creating more volatility and trading opportunity.
Use Volatility As Opportunity
- Volatility creates entry and exit points for investors if they look for what others miss.
- Use headline-driven dislocations to find cheap assets and angle for the next theme.
