Odd Lots
Zoltan Pozsar Sees a New Dollar Regime. His Longtime Collaborator Disagrees
The two collaborators debate the effects of recent geopolitical crises
Perry Mehrling and Zoltan Pozsar.
Photographer: Dash Bennett/BloombergThis article is for subscribers only.
Credit Suisse AG strategist Zoltan Pozsar reached a new level of fame this year, pushing a vision of a burgeoning monetary order that he calls Bretton Woods III. Boston University professor Perry Mehrling just doesn’t see it.
What makes their disagreement notable is that for years the two have been close intellectual collaborators, having authored a paper together on shadow banking and market plumbing.