Dry Powder: The Private Equity Podcast
On the previous episode of Dry Powder, Karen Harris, the managing director of Bain’s Macro Trends Group, explained how investors and policymakers are bracing for a global recession.
Today on the show, we take a closer look at one macro variable that could transform the global economy: de-dollarization.
“In our view, globalization is fading into what we call a post-globalization world,” Karen says. “Then it logically follows that the financial system, this dollar system, would fade along with it.”
I ask Karen whether the dollar’s status as the world’s reserve currency is really under threat. We also discuss how investors can position themselves for a more fractured global economy.