“The U.S. dollar is going to remain the reserve currency for the next several decades, as long as the Bill of Rights stays in place,” claims Joel Litman, president and CEO of Valens Research. He sees no imminent threat to the dollar because, “there’s no fiat currency that’s a good currency to invest in.” However, he believes this ongoing economic turmoil and geopolitical uncertainty could drag on for the next 24 months. “I think we’re still going to have the recession, and it’s not going to be pretty,” he warns. Finally, he shares what can folks do to navigate this choppy market.
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Chapter stamps:
00:00 Fed meeting and what they will do next
2:47 Inflation
3:07 Recession
3:43 De-dollarization
5:24 BRICs
8:21 China wants to overtake the USD
9:20 Debt issue
11:46 Bill of rights
13:35 SEC and crypto
15:24 Sectors that Joel likes
17:24 Commodities
18:02 Bonds
18:22 Banks consolidations
18:51 Final thoughts
