Zell: World Trade Slowed by Lack of Currency Stability

The video discusses the impact of currency fluctuations on investment decisions, highlighting the significant changes in the Brazilian real and the importance of hedging. It covers historical currency stability, the increased volatility since the Big Recession, and the challenges of hedging costs. The discussion includes strategies for managing currency risk, particularly in real estate and long-term investments, emphasizing the need for a global view and understanding of currency volatility.

How has the value of the Brazilian real changed against the dollar in the past eight months?

What impact does currency volatility have on investment decisions according to the speaker?

What historical context does the speaker provide regarding currency stability and its effect on world trade?

What does the speaker suggest about the cost of hedging in today's market compared to previous years?

In what scenarios does the speaker believe hedging is necessary?