In the two weeks since “Liberation Day”, we’ve received plenty of very smart, thoughtful questions from our readers.
So today we recorded a special Q&A podcast to cut through the chaos and confusion these new trade measures have sparked in the markets.
We answer:
- Is the President’s top economic adviser correct that the US dollar’s reserve status is “hurting” the US economy?
- What’s happening with gold? Why did it initially drop, and then soar?
- Can the BRICS bloc switch entirely to yuan trade settlement, and, if so, who wins?
- Do foreign countries actually own US debt— or does the US hold all the cards through third-party custodians?
- What’s with the historic whipsaw in Treasury bond yields, and how big of a deal is this?
- Why would China buy Treasuries at the highest possible price, only to lose tons of money when they sold?
- Can China afford to weaponize their dollar reserves—or are they shooting themselves in the foot?
- And… humorously, why I think Jeff Bezos deserves the Nobel Peace Prize…
You can listen in below.
Podcast transcript can be accessed here. Any other questions, just let us know.
