Welcome to the New Post-Currency War Reality

The transcript discusses the impact of recent FOMC decisions on global currencies, particularly the dollar, yen, and euro. It explores market adjustments, liquidity trends, and investor behavior in response to central bank meetings. The conversation highlights the need for yield and better returns, with a focus on global investment flows and currency risks. The discussion also covers inflation expectations and the economic outlook, questioning whether Janet Yellen's actions indicate a new phase in currency wars or a response to potential recession risks.

How might the global investor community respond to the need for better returns?

What does Janet Yellen's stance on inflation expectations imply for future monetary policy?

Evaluate the statement: 'There is a sticky permanent inflation that we need to pay attention to.'