Financial Expert Warns Dollar Crash Up More Dangerous Than Crash Down

What was said

"I always say that I'm not so much worried about the dollar crashing down. What I am worried about is the dollar crashing up. I think what I can say with confidence is that we are in the late stages of a credit cycle. If you look at a late-stage credit cycle and look at the characteristics, it's literally just check, check, check, check. Like, every one of the characteristics in a late-stage credit cycle you can see playing out right now, in front of our eyes."

The guest warns that a strengthening dollar poses greater risk than a weakening one as global dollar-denominated debt becomes harder to service, forcing entities to sell assets and triggering a death spiral. He states with confidence that the economy is in the late stages of a credit cycle with all characteristic markers present, though the severity of the coming contraction remains uncertain.