Zoltan Posar returns to discuss his new macroeconomic consultancy, Exuno Pluris

In this episode, Tracy Alloway and Joe Weisenthal welcome back Zoltan Posar, former strategist at Credit Suisse, to discuss his new macroeconomic consultancy, Exuno Pluris. Posar explains that Exuno Pluris will provide research to institutional investors and consulting on plumbing, particularly the anticipation of moments when prices fall apart in funding and rates markets. He also discusses the concept of Breton Woods 3, a shift away from the USD-dominated global financial system, and how developments such as central bank digital currencies and the invoicing of commodities in different currencies are challenging the current order. Posar predicts a monetary divorce and a reimagining of the global financial system over the next five to ten years. He also explores the potential impacts on treasuries, the banking system, and the rise of gold as a theme. Finally, Posar addresses current banking concerns, such as the recent banking "drama," the potential for further consolidation in the banking system, and the role of shadow banking in absorbing credit losses.