Nordvig: Already Moving in Direction of Weak Dollar

The transcript discusses the potential for US currency intervention due to a strong dollar, influenced by actions from other central banks like the ECB. It highlights the risks and controversies of such interventions, especially in the context of global coordination. The conversation also touches on the likelihood of a recession leading to negative yields in the US, emphasizing the need for fiscal policy over monetary policy. The importance of global agreements, such as the G20, in preventing currency manipulation is also discussed.

What is the relationship between negative yields and the likelihood of a recession?

Discuss the implications of unilateral currency intervention on global coordination.