A US Sovereign Debt Crisis is Bullish for the Dollar | Brent Johnson
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Brent Johnson, CEO of Santiago Capital, joins Monetary Matters to discuss why he believes the idea that a US sovereign debt crisis could occur in a vacuum without spilling over into a global sovereign debt crisis is outlandish. He argues that because there would be knock on effects globally, any such crisis would be extremely bullish for the dollar, not bearish as many have argued. He also argues that current panic around dollar weakness is overblown and that the current battle between the Fed and the US Treasury will be won by the Treasury and usher in a new error of less autonomy and independence from the Federal Reserve, potentially sending yields and dollars higher.
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