The U.S. Dollar's Role in the Global Market Selloff

Ira Epstein discusses the current market trends, focusing on the Federal Reserve's rate hikes and their impact on the dollar and gold prices. The conversation highlights the divergence between the US and European Central Bank policies, with the Fed continuing its rate hikes while the ECB delays its interest rate changes. The dollar's strength against other currencies, such as the euro and pound, is attributed to strong consumer spending and GDP growth. The discussion also touches on the potential for further currency movements and the role of safe havens like gold.

What does the term 'safe havens' refer to in the context of this discussion?

Discuss the implications of consumer spending trends mentioned in the text.