● Surplus: The History of Too Much and the End of Economic Primacy
Marc Chandler
Interview with author via Katheleen Hays Presents: Central Bank Central
Marc Chandler, the chief market strategist and managing director at Bannockburn Capital Markets, has been covering the currency markets for more than 25 years at some of the largest banks and custodians in the world. Now, as the groundbreaking end of the Bretton Woods Agreement is hitting more than half a century, Marc is zeroing in on what this has meant for global currency markets back then and where he sees the dollar heading next.
As he wrote in a recent piece, “Fifty-five years ago today, Nixon closed the gold window. The move was billed as temporary. It became permanent and launched the dollar into a half-centruy of dominance nobody in 1971 would have predicted. Now, on the anniversary, the cracks in that architecture are getting bigger than ever.”