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Transcript: This Is Zoltan Pozsar's Vision For Bretton Woods III

The Cosco Shipping Libra container ship departs the Port of Rotterdam in Rotterdam, Netherlands.

The Cosco Shipping Libra container ship departs the Port of Rotterdam in Rotterdam, Netherlands.

Photographer: Peter Boer/Bloomberg

Over the last several years, most economic crises have been solvable by money. Swap lines. Bailouts. Central bank asset purchases, and so on. But now the world is experiencing a problem that money can't easily solve. When it comes to, for example, avoiding Russian energy, there's no simple solution. Money can't buy an instant energy changeover. This is all part of a new regime that Zoltan Pozsar, Managing Director and head of Global STIR Strategy at Credit Suisse, likens to Bretton Woods III. On this episode, he returns to spell out his framework, and what it means for financial markets, the dollar, and the new world economy overall.

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