Jens Nordvig, founder and CEO of ExAnte Data and MarketReader, joins Jack Farley to give his data-driven look at bank lending, de-dollarization, and global growth. Nordvig notes that bank lending contraction has not yet appeared in the data but that the situation deserves to be monitored. He explains why the world continues to rely on the U.S. dollar and exposes several statistical misunderstandings of data on Chinese and U.S. sovereign bond flows. Nevertheless, he is bearish on the U.S. dollar (even in a recession, perhaps), and he explains why in great detail. He says to be on watch if the U.S. Dollar continues to decline in value during a stock market fall (historically, the U.S. Dollar rallies during a sell-off in stocks). Lastly, Nordvig shares findings from his exciting new venture, MarketReader, which aims to use artificial intelligence to help generate insights for investors.
Follow Jens Nordvig on Twitter https://twitter.com/jnordvig
Follow Exante on Twitter https://twitter.com/ExanteData
Follow MarketReader on Twitter https://twitter.com/MarketReaderInc
Follow Jack Farley on Twitter https://twitter.com/JackFarley96
Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance
Follow Blockworks on Twitter https://twitter.com/Blockworks_
Use code GUIDANCE10 to get 10% off Permissionless 2023 in Austin:
Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:
Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research "Daily Debrief" Newsletter: https://rb.gy/feusos
(00:27) Tracking Capital Flows
(01:43) Where Is The Money Going?
(19:53) The Dollar And The Euro
(25:30) Blockworks Research
(26:29) Is The "De-Dollarization Narrative" Backed Up By The Data?
(38:04) Is China Actually Dumping U.S. Treasurys?
(41:14) Central Banks' Swap-Adjusted FX Reserves Do Not Show Significant De-Dollarization
(46:18) Bearish Near-Term Case For The Dollar
(58:15) About MarketReader's Emerging Artificial Intelligence Capabilities
(01:11:52) Closing thoughts On The Dollar & Stock Market Correlation
Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.