With Rohit Goel, Breakout Capital

Rohit Goel of Breakout Capital joins the podcast to discuss his view that the boom in the US dollar (and in US dollar-denominated assets) will soon give way, to be replaced by a long-awaited bullish cycle in emerging markets.

This podcast episode was recorded Friday, Feb. 7 and released to premium subscribers the following business day. There are numerous other benefits to becoming a premium subscriber, which can be read on our Substack.

Content Highlights

• Markets have grown accustomed to US dollar dominance and with it a surge in US assets, specifically stocks. That is due for a cyclical reversal (1:00);
• There are three factors supporting US growth. One of them is almost certainly due to run its course (4:43);
• The global economy revolves around the US consumer as driver of growth. But that too can change — and other markets are better equipped to pick up the slack on their own (9:26);
• Despite all this, the US dollar should maintain its status as reserve currency. However, its dominance is waning (14:55);
• Background on the guest (23:28);
• Big tech stocks have worked very well for over a decade. But things are shifting to eat into their cashflows and there are reasons to believe too much optimism could be priced in… (26:07);
• The trend is for growth to originate elsewhere than US tech… (30:28);
• Discussion of frontier markets (35:33).

The guest requests listeners connect through LinkedIn.