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.
You can listen to this episode of Dry Powder and catch future episodes by subscribing on Apple Podcasts, Google Podcasts, Spotify, or wherever you may listen.
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.
The Private Equity Podcast
In our podcast series, Bain's Hugh MacArthur interviews leading experts on the trends and opportunities that will redefine the private equity industry.
First published in junho 2023