The Interview - When The Whole Daisy Chain Unwinds
James Aitken joins Raoul Pal to discuss the relationship between bond and FX markets and how that is playing out at this juncture of the credit cycle.
Real Vision: Finance & Investing · Real Vision Podcast Network
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Show Notes
James Aitken, partner at Aitken Advisors, joins Real Vision CEO Raoul Pal to discuss the intricate relationship between bond and FX markets and how this often overlooked connection is playing out at this critical juncture of the credit cycle. Aitken and Pal put the recently announced central bank policies – remarkably generous swap lines, sweeping repo facilities, and the revival of quantitative easing (QE) – in proper context and analyzes how central banks' commitment to be the "buyers of first resort" will affect cross-currency basis swaps, yields on corporates, and the U.S. dollar. Aitken also describes his investing framework to deploying capital in this unprecedented economic crisis.
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