Some Consequences Of A Strong Dollar

The Bank of Japan is widely expected to raise its benchmark rate this week despite the government’s wishes. But what it will do going forward is highly uncertain. William discusses the bank’s fork in the road at this time of stagflation. … Also: If and when the Fed tightens, so will the chokehold the strong dollar might have on economies around the world, especially emerging economies with weak currencies. William surveys the potential damage. … And: Toby weighs in on emerging markets’ stocks, which have outperformed this year notwithstanding the dollar’s strength yet still trade at very low valuations relative to US stocks.