Blockworks Macro, Released on 7/27/22

On today’s episode of “On the Margin”, Lawrence Lepard and Brent Johnson join Mike to discuss the dark side of a strong US dollar. We start with an overview of the US Dollar’s role as the global reserve currency and how the dollar system is causing many of the problems we have today. Can the US dollar maintain its reserve status or are things falling apart? Then, Lawrence and Brent explain how a strong US dollar is causing weakness throughout the global economy – abroad and at home. Brent shares his short to medium-term outlook based on his Milkshake Theory, and Lawrence counters with his position that the dollar will unravel at an accelerated pace. We close with a discussion on how the Fed will act next. You don’t want to miss this one!

Brent Johnson is the CEO of Santiago Capital http://www.santiagocapital.com/.

Lawrence W. Lepard founded Equity Management Associates. Currently, he is Managing Partner at Equity Management Associates LLC and Limited Partner at Johns Creek Partners LLC. He is also on the board of Amarillo Gold Corp. and Rise Gold Corp. In his past career he occupied the position of Principal at The Cue Ball Group LLC, Partner at Summit Partners LP, Managing General Partner at Geocapital Partners LLC, Investment Associate at Continental Illinois Venture Corp., Financial Analyst at Smith Barney Harris Upham & Co., Inc. and Financial Analyst of Citigroup Global Markets, Inc. (Broker). Mr. Lepard received an undergraduate degree from Colgate University and an MBA from Harvard Business School.

  brent johnson, dollar collapse, Lawrence Lepard, us dollar, world reserve currency