Jens Nordvig: Interest Rates Have Peaked, The U.S. Dollar Is Overvalued
Jens Nordvig, founder of Exante Data and Marketreader Inc., returns to Forward Guidance to provide a quantitative update on currency and bond markets. Jens makes the case that interest rates all across the yield curve are likely headed lower as the Federal Reserve\u2019s last hike is in the rearview mirror, and he argues that the U.S. dollar could depreciate against \u201crisk-off\u201d currencies such as the Swiss Franc, Japanese Yen, and even gold. Filmed on November 22, 2023.\n\nMetaMask Portfolio is your one-stop shop for all things web3. Instead of connecting to multiple exchanges, dapps, and tools, you just need to connect to one simple dapp to track and manage all your assets across different networks and accounts. MetaMask Portfolio provides a secure and convenient way to perform common tasks such as Buy, Sell, Swap, Bridge, and Stake. Try MetaMask Portfolio: https://metamask.io/portfolio/?utm_source=blockworks&utm_medium=podcast&utm_campai[\u2026]_Podcast_ForwardGuidance&utm_content=pDapp_podcast_FG_shownotes\n__\nUse code FG20 to get 20% off Blockworks\u2019 Digital Asset Summit in March: https://blockworks.co/event/digital-asset-summit-2024-london\n\nUntil November 27th, a 20% discount can be obtained on 4-pack passes to DAS as well. Use code \u201cBLACKROCK\u201d at checkout.\n__\nFollow Jens Nordvig on Twitter https://twitter.com/jnordvig\nFollow Exante Data on Twitter https://twitter.com/ExanteData\nFollow Marketreader on Twitter https://twitter.com/MarketReaderInc\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\n__\nDisclaimer: 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. \n\n(00:00) Introduction\n(00:25) It's Been A Busy Year\n(02:29) Interest Rate Sensitivity Of U.S. Economy\n(13:06) Will There Be A Recession In 2024?\n(15:44) Jens' Bull Case For Rates\n(22:27) Fed Will Be "Much More Relaxed" If Services Inflation Continues To Moderate\n(28:41) Potential For "Big Cuts"\n(31:07) An Extraordinary Summer In FX\n(34:34) Jens' Bear Case For Dollar Against Gold and Risk-Off Currencies Such As Swiss Franc