The Monetary Matters Network, Released on 4/11/25 (Recorded on 4/10/25)

Lyn Alden of Lyn Alden Investment Strategy explains the connection between the capital and financial imbalances the U.S. has with the rest of the world and its trade imbalances which are under so much scrutiny by the current U.S. administration. Alden argues that turbulence in markets, particularly U.S. assets, could continue, and warns listeners not to be exposed beyond their risk limits at a juncture that could be a historic time for markets and the global economy.

00:00 Intro
00:42 VanEck $OUNZ Pre-roll
01:45 U.S. Trade Imbalances And Capital Imbalances Are Related
06:20 Is Trump Admin Looking For A Weaker U.S. Dollar In Order To Make Exports More Competitive?
09:45 Financial Consequences Of Tariffs
13:46 The Long-Term Debt Cycle
16:39 VanEck $OUNZ Mid-roll
17:30 “Nothing Stops This Train” Of High U.S. Fiscal Deficits
21:57 Economic Consequences of Tariffs
24:56 What Happens To Companies That Make Things In China And Sell in U.S.?
29:08 U.S. Stock Market Exposure To Chinese Tariffs
30:32 Chinese Stock Market Bull Market Likely “On Pause”
34:20 Keeping Track Of Rapidly Changing Markets
37:42 Gold And Bitcoin
41:04 Turbulence In U.S. Treasury Market
43:05 Foreign Stock Market Outlook
46:37 Uncertainty Itself Is Bearish Because People Pause and Don’t Invest/Spend
48:37 Tariff Levels Are So High It’s Hard To Offset Them With Fiscal Stimulus (i.e. New Tax Cuts)
50:04 Economic Impact of Tightening Financial Conditions
51:09 Selling Volatility
53:06 April 2nd Liberation Day = Historic Moment For Market And Global Trade??
54:48 Long-Run Bearish View of U.S. Dollar
56:38 The Triffin Dilemma
1:01:29 Federal Reserve Reaction Function To Tariffs
1:04:22 Could Foreign Investors Start Dumping Dollar Assets?

Lyn Alden is the founder of Lyn Alden Investment Strategy. Lyn has a bachelor’s degree in electrical engineering and a master’s degree in engineering management, with a focus on engineering economics and financial modeling. She worked as an electrical engineer at an aviation facility, and over the course of a decade worked her way up from being an intern to being the lead engineer and running the day-to-day operations and finances of the facility, before retiring early at age 33 with financial independence. Since then, Lyn has been a full-time investor and independent analyst. Her latest book is Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better.

  economy, lyn alden, monetary system, tariffs, us dollar