Marc Chandler | |
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| Nationality | American |
| Education | Northern Illinois University University of Pittsburgh North Central College |
| Occupation(s) | Managing Partner and Chief Market Strategist, Bannockburn Global Forex |
Marc Chandler (born July 23, 1961) is a foreign exchange market analyst, writer, speaker, and professor. On August 19, 2009, Bloomberg L.P. published Chandler's first book, Making Sense of the Dollar. [1]
Chandler is a frequent guest on CNBC, Bloomberg Television, FOX Business, Business News Network, and Nightly Business Report where he provides his insights on the global capital markets.
Chandler has been published in the Financial Times , [2] Foreign Affairs , [3] Barrons , The Nation , Euromoney Institutional Investor, and Corporate Finance. He is regularly published by Seeking Alpha [4] and TheStreet.com . [5]
Chandler also writes daily in his blog "Marc to Market", and is called upon for many in-person speaking engagements.
Chandler's first book Making Sense of the Dollar was published in August 2009. In February 2017, Chandler's second book, Political Economy of Tomorrow was published.
In 2007 Chandler began advocating the dollar and has maintained that viewpoint throughout the crisis. [6]
His new book picks up a theme presented in the first book and develops it at length. Drawing on the work of Charles Conant, a late 19th century/early 20th century journalist and strategic adviser to senior government official, Chandler suggests that the biggest challenge of the market economy comes from its successes (not it failures) and these cannot be simply reformed away. Capitalism produces more wealth than it can absorb. The surplus generates instability and forces social relationships to change in order to accommodate the surplus.
Chandler attended North Central College for undergraduate studies and holds Master's Degrees from Northern Illinois University and University of Pittsburgh in American History and International Political Economy.
Between 2005 and 2018, Chandler was the head of Global Currency Strategy at Brown Brothers Harriman, before which he was head of Global Currency Strategy at HSBC and BNY Mellon. He joined Bannockburn Global Forex in October 2018 as Managing Partner and Chief Market Strategist.
He resides in Manhattan with his wife and son. He is a lifelong Chicago Cubs fan.
Chandler is a professor at the New York University School of Professional Studies, [7] where he received the Excellence in Teaching Award in 2009. He is an Honorary Fellow at the Foreign Policy Association.
The balance of trade, commercial balance, or net exports, is the difference between the monetary value of a nation's exports and imports over a certain time period. Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow of exports and imports over a given period of time. The notion of the balance of trade does not mean that exports and imports are "in balance" with each other.
A reserve currency is a foreign currency that is held in significant quantities by central banks or other monetary authorities as part of their foreign exchange reserves. The reserve currency can be used in international transactions, international investments and all aspects of the global economy. It is often considered a hard currency or safe-haven currency.
The 1997 Asian financial crisis was a period of financial crisis that gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid, and worries of a meltdown quickly subsided.
In international economics, the balance of payments of a country is the difference between all money flowing into the country in a particular period of time and the outflow of money to the rest of the world. These financial transactions are made by individuals, firms and government bodies to compare receipts and payments arising out of trade of goods and services.
In economics, a country's current account records the value of exports and imports of both goods and services and international transfers of capital. It is one of the two components of its balance of payments, the other being the capital account. Current account measures the nation's earnings and spendings abroad and it consists of the balance of trade, net primary income or factor income and net unilateral transfers, that have taken place over a given period of time. The current account balance is one of two major measures of a country's foreign trade. A current account surplus indicates that the value of a country's net foreign assets grew over the period in question, and a current account deficit indicates that it shrank. Both government and private payments are included in the calculation. It is called the current account because goods and services are generally consumed in the current period.
The Bretton Woods system of monetary management established the rules for commercial relations among the United States, Canada, Western European countries, and Australia among 44 other countries after the 1944 Bretton Woods Agreement. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent states. The Bretton Woods system required countries to guarantee convertibility of their currencies into U.S. dollars to within 1% of fixed parity rates, with the dollar convertible to gold bullion for foreign governments and central banks at US$35 per troy ounce of fine gold. It also envisioned greater cooperation among countries in order to prevent future competitive devaluations, and thus established the International Monetary Fund (IMF) to monitor exchange rates and lend reserve currencies to nations with balance of payments deficits.
Nouriel Roubini is a Turkish-born Iranian-American economic consultant, economist, and writer. He is a Professor Emeritus since 2021 at the Stern School of Business of New York University.
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Petrodollar recycling is the international spending or investment of a country's revenues from petroleum exports ("petrodollars"). It generally refers to the phenomenon of major petroleum-exporting states, mainly the OPEC members plus Russia and Norway, earning more money from the export of crude oil than they could efficiently invest in their own economies. The resulting global interdependencies and financial flows, from oil producers back to oil consumers, can reach a scale of hundreds of billions of US dollars per year – including a wide range of transactions in a variety of currencies, some pegged to the US dollar and some not. These flows are heavily influenced by government-level decisions regarding international investment and aid, with important consequences for both global finance and petroleum politics. The phenomenon is most pronounced during periods when the price of oil is historically high.
David J. Rothkopf is an American foreign policy, national security and political affairs analyst and commentator. He is the founder and CEO of TRG Media and The Rothkopf Group, a columnist for the Daily Beast and a member of the USA Today Board of Contributors. He is the author of ten books including Running the World: The Inside Story of the National Security Council and the Architects of American Power, National Insecurity: American Leadership in an Age of Fear, and most recently, Traitor: A History of American Betrayal from Benedict Arnold to Donald Trump. He is also the podcast host of Deep State Radio. Rothkopf also serves as a registered foreign agent of the United Arab Emirates.
The Triffin dilemma or Triffin paradox is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies. This dilemma was identified in the 1960s by Belgian-American economist Robert Triffin, who pointed out that the country whose currency, being the global reserve currency, foreign nations wish to hold, must be willing to supply the world with an extra supply of its currency to fulfill world demand for these foreign exchange reserves, leading to a trade deficit.
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Michael Hudson is an American economist, Professor of Economics at the University of Missouri–Kansas City and a researcher at the Levy Economics Institute at Bard College, former Wall Street analyst, political consultant, commentator and journalist. He is a contributor to The Hudson Report, a weekly economic and financial news podcast produced by Left Out.
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