Episode 1229 • • 1:36:31 - 1:39:33
1229: Orange Tongue
Federal Reserve, Quantitative Easing and Global Thirst for Dollars
The Federal Reserve's commitment to "quantitative easing infinity" has failed to dampen the global demand for US dollars. As emerging markets face a recipe for disaster due to the pandemic and recession, the "thirst for dollars" continues because the currency is fundamental to international loans, debt, and oil transactions. The hosts clarify the historical meaning of the term "greenback" while discussing current market liquidity.