Odd Lots Zoltan Pozsar on His Next Big Move and the Coming Monetary Divorce
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Jun 30, 2023 Zoltan Pozsar, a macroeconomic consultant and former Credit Suisse strategist, discusses his transition to a new consultancy, Ex Uno Plurus. He explores his influential Bretton Woods III thesis, signaling a shift from US dollar hegemony to a multi-polar financial landscape. Pozsar also critiques the dollar-centric foreign exchange model and shares insights on central bank digital currencies. The conversation delves into recent banking crises, the rising preference for gold, and the evolving roles of traditional and shadow banks in today's turbulent financial environment.
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Zoltan's Next Move
- Zoltan Pozsar founded Ex Uno Plures, a macroeconomic consultancy.
- He will provide research and consulting to institutional investors on financial plumbing and global macro trends.
Bretton Woods III Thesis
- Pozsar's "Bretton Woods III" thesis suggests a shift from US dollar hegemony to a multipolar financial system.
- He discussed this idea in previous Odd Lots episodes and debates.
Monetary Divorce and CBDCs
- China aims to detach from the Western financial system, while the West aims to decouple its real economy from China.
- This "monetary divorce" involves China's strategic use of CBDCs and the renminbi for international trade.