Progressing Through The Credit Tightening Cycle | Julian Brigden
Inflection Point
00:00
The US Equity Market Could Drop in 2021
US equities are already underperforming their own domestic, which is particularly in Europe. If the dollar starts to fall, as I said, foreigners have funded our current account deficit. So they have this massive unhinged currency exposure to a falling dollar. But it doesn't mean the dollar can't fall in value. This thing has fallen 50% and 72%, then it fell like 45% after Plaza,. Then it fell like 38% from 2002 to 2008. Maybe just moving falls 35% right? Yeah. Now, let's go to Europe on holiday. And oh shit, the euros actually rising, not falling, the dollar's falling. so I've got this NASDAQ investment in
Play episode from 30:49
Transcript
