Eddie Fishman
speaker
753 appearances
1 recordings
1 series
first heard Jun 2026
last heard 11 Jun
Eddie Fishman’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.
Appearances
just as important is the fact that our stock market in the U.S.
is something like 80% of global equity market capitalization.
So if you add up all the stock markets of the world, like U.S.
is 80%.
Oh, yeah.
I mean, you've got a couple of companies in the U.S.
that are bigger than most other
I didn't know it was that big, though.
Yeah.
So I mean, are bond markets the biggest?
So generally, no matter where you are in the world, if you're generating wealth, if you're a country, if you're an individual, if you're a company, you're generally investing it in the US.
But look, what this all boils down to
is that when money crosses borders and the sort of the best metric we have for that is what's called foreign exchange transactions.
It's when you take one currency and exchange it for another.
By far the biggest sort of market of them all, $7 trillion a day just gets swapped in foreign exchange markets.
90% of those transactions have the dollar on one side or the other.
So like, I mean, you know, basically trying to travel the world without or trying to do business across borders without access to the dollar is like trying to travel without a passport.
You just can't do it, you know?
So the issue with the petrodollar would be, well, if China successfully takes this 15% of
the trade that happens in the world and changes it from the dollar to the RMB, that could be sort of the first crack in this overall edifice that underpins the dollar.
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