Also in this playlist...
This transcript is automatically generated
Reborn in the USA a new report from Rockefeller and company focuses on investing in America not -- doubt it takes a look at the impact of the stronger US dollar increased energy production here and local credit.
Is expanding in the US economy and maybe ought to consider American joining us now for an exclusive interview on this -- -- -- the chief equity strategist at -- company.
Jenny Chan thanks to be -- what would this -- have read through your report impressive stuff I love pro America stuff especially right before July 4.
But the linchpin of at all.
He's a stronger US dollar now the Fed balance sheet has tripled the supply of US dollars and you would think that when there's more supply of something it's worth left each piece of paper.
Why is -- that the dollar strong.
Right it is -- relative to a relatively better than most other countries in the world.
If you look at what's happening in Europe.
Deep deep deep deep and you'll recurrence structure is really in trouble and they need to weaker currency through generally more growth.
And he's here in the US we -- actually moving in the right direction structural means spite of the high level off debt.
Part of you know deficit has been coming down yet the most important -- energy production is in -- a lot of growth create new jobs -- -- -- -- -- it will get better and then -- this -- would they put together from severe stuff the -- vs dollar.
You see all these other currencies falling since January.
And the US greenback kind of holding its own.
And and -- that gives the US dollar more.
Parts and powerful I thought the US dollars kind of a share of stock in the US economy it's and it goes up or down based on what we think about that strength.
Pinellas convert -- stronger US dollar into something people to understand we've got the chart what's a cup of Starbucks work tell us what this chart show.
Yeah it is looking into purchasing power parity and some people okay big Mac prices some people look at Starbucks coffee.
-- -- Oslo Norway because almost ten dollars to get a cup of coffee.
And gain you paying close almost five dollars ten dollars -- a cup of coffee where.
Yeah yeah incredible in -- about 78 dollars a cup of coffee yesterday to shows on purchasing power parity basis those currencies -- over found.
The dollars should be -- stronger because in the end the price of coffee should be fairly similar across the world that higher price on the farm for the rich -- cup of coffee in the other countries a sign of how weak their currency is when you translated into dollars -- a nice chart on that.
And then but tell us about the current account deficit as a percentage.
Of GDP looks at how much more stuff we -- from the rest of the world every year than we sell to rest the world.
And that has been going down and then up and then back down how does that help us yet -- current account deficit comes down as a percent of GDP.
The dollars you get stronger.
And was going to drive the decline current account deficit is -- energy -- -- energy independence bingo now let's look at that oil imports slip sliding away our imports of other people's oil are going down.
And that meanwhile are self made stuff is going up now that's great for the US economy isn't always wonderful because he'd trees less reliance on foreign oil.
A bit of -- out.
You know on national security and creates good paying jobs here in the U -- yes and that's just oil you're not even including the Nat gas revolution here which is even.
More of a boon to our economy and then the result of that is basically a look at the S&P 500 vs emerging markets.
And that even since 2011 I think yes and he's doing vastly better -- that right exactly.
I think we're only difference cycle right now the US is clearly improving while the rest of the world is kind of slowing down.
Yes and so on relative -- the US is there -- well positioned by American but now we comment -- -- to the contradiction of your entire pro American -- with your American flag -- -- You actually think that we're better off buying the stocks in the that the big data whatever of companies that sell to the US rather than buying the stocks of companies that sell from the US to the rest of the world this means not buying from the big US -- -- large caps.
Here Crawford & Co.
-- global investors.
Now when I made that common in the context -- -- everything else constant and -- just looking at the currency.
So if nothing else changes but a dollar appreciates.
Obviously he favors farming companies selling to the US -- and makes it more difficult for our exporters selling to -- But -- you know in the real world there other factors to consider if you look at innovation.
We -- the world in innovation is Phishing technology and life science exactly and there's too many good opportunities here in the US -- -- -- can -- -- -- by America -- happy July 4 weekend thanks for being with us today thank you okay.
Filter by section