Brent Johnson: The U.S Dollar Wrecking Ball

Blockworks Macro, Released on 6/17/22

On today’s edition of “Boiler Room,” Alfonso Peccatiello is joined by Brent Johnson of Santiago Capital for a discussion on the U.S Dollar. Known for his popular Dollar Milkshake Theory, Brent shares his thoughts on the recent pain a rallying U.S Dollar is inflicting on the global economy. As emerging markets scramble for dollars to pay dollar denominated debt, financial conditions tighten, markets sell off and recession looms the dollar black hole begins sucking in capital. Just how will this end for balance sheets globally? To find out, you’ll have to tune in!

00:00 Introduction
00:41 The Dollar Milkshake
05:57 U.S Dollar Denominated Debt
14:00 Rising Dollar, Gold, Equities & Rates
18:50 The Dollar Black Hole