CFA UK
Episode 22: The credit cycle, de-dollarisation and the future of global finance
Is de-dollarisation really underway, and what could the next phase of global capital flows mean for markets? In this episode of the CFA UK Future Proofing Finance Podcast, hosts Ben Ashby and Tom Threlfall are joined by Andrew Hunt, Chief Economist, Hunt Economics, to explore the forces shaping the global economy. From the US credit cycle and the future of the dollar to China's balance sheet recession and the changing role of central banks, Andrew draws on decades of experience in analysing global markets and capital flows to explore whether the world is truly moving towards de-dollarisation, what could replace the current reserve system, and why increasing currency volatility may be the next major shift in finance. The episode also explores: Why Andrew believes the US credit cycle is unusually large and potentially vulnerable to a liquidity crunch The role of private credit, hidden leverage and foreign capital flows in the US economy Whether de-dollarisation is actually happening and what a post-dollar world could look like The Triffin dilemma, the Plaza Accord and the lessons of past currency regimes Why China may be facing a prolonged balance sheet recession and what this means for global markets Join us for a wide-ranging conversation on credit, capital flows and currencies to help you see the current state of the global market, and to navigate what comes next.
