Check out Brent&#x27;s paper on the dollar https://research.santiagocapital.com

The Dollar Reset Just Started…And It Could Break Everything w/Brent Johnson

Rebel Capitalist Interviews

Hello fellow Rebel Capitals, I'm back with my good buddy Brent Johnson. Why? Well, a lot of reasons, but number one, the DXY is up over 100, up over 101. Looks like it might be going over 102. What's going on with the dollar, buddy? Well, that's not supposed to be happening, is it, George? I thought it was going into the 80s and then the 70s. Somebody told me that.

I know, the dollar is going to crash. It's going to crash, Brent. It's just, it's right around the corner. It's been right around the corner for 40 years, but it's going to happen tomorrow. What we're seeing is just, how could I steel man the argument? I would say that what you're seeing as far as strength in the dollar versus other currencies is simply the dollar being oversold for so long and there's so many short sellers and maybe what we're seeing is a short squeeze.

Well, and I think a lot of people are saying that it's based on one press conference that Warsh gave and everybody now thinks he's going to raise rates and so it's getting a short term bid because the higher rates make the dollar more attractive. That doesn't make, okay, so that's a nothing burger and I'll tell you why. Because first of all, the two-year treasury is down like five or six basis points today.

And if you look at the CME, the odds in the last couple of days when the dollar has just gone straight up, the odds of a Fed rate hike have decreased. They haven't increased. Yeah, I'm just telling you what people tell me, why the dollar is only going to be up for a couple of days.

The Dollar Reset Just Started…And It Could Break Everything w/Brent Johnson

Read the full transcript

The candid version is on a podcast,
not the earnings call.

The Dollar Reset Just Started…And It Could Break Everything w/Brent Johnson

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.