JPM's Frenkel: Markets Disconnected From Real Economy

The video discusses the dynamics of foreign exchange, focusing on the role of expectations in financial markets. It highlights the importance of credibility for central banks, particularly the Fed, and the need for policy normalization. The discussion also covers global economic relations, emphasizing China's role and the impact of protectionism on trade. The video concludes with a call for inclusive trade policies to mitigate negative consequences of globalization.

What role do expectations play in financial markets according to the text?

In what ways does the speaker believe financial markets can disconnect from the real economy?

How has the credibility of central banks been affected since the 2008-2009 crisis?

What are the potential consequences of delayed normalization in economic policies?

What does the speaker suggest about the relationship between the United States and China?

What is the significance of the President of China's speech in the context of the World Economic Forum?

Discuss the importance of trade assistance and adjustment in the context of globalization.