The biggest macroeconomic factors investors need to pay attention to

Walser Wealth Management's Rebecca Walser joins TheStreet to discuss the most important economic factors investors need to be paying attention to.

Transcript

00:00 What are some of the biggest macroeconomic factors that you think investors should be

00:04 paying attention to in the new year? Yeah, that is such a great question and really it's top of

00:09 mind. It has been top of mind really for me since 2020, since coronavirus because of the global

00:14 economic fundamental changes that we've seen macro wise. And what I really am super concerned

00:20 about JD that really Wall Street is not discussing and not talking about is the fact that we do have

00:26 a BRICS block expansion that was announced at the South Johannesburg South Africa meeting

00:31 in August. And that is the addition of Saudi Arabia and the United Arab Emirates. So UAE and

00:37 SA joining the BRICS block, Brazil, Russia, India, China, South Africa. And that is a step closer,

00:44 JD, to what I would consider the end of really sort of dollar hegemonic status,

00:50 sole dollar hegemonic status, moving more towards a global multipolar world of the West versus the

00:58 East, the West being the swift system still, that would still be obviously the United States,

01:04 Europe, the United Kingdom, Canada, Australia, New Zealand, Japan would be the West. And then

01:10 the East is going to be the rest of the world. And when we look at the data and the analytics on this,

01:16 you've got more GDP of all the nations put together moving towards the BRICS block than we

01:22 have with the G7. And that is a very alarming concern, because if we have UAE or SA or we have

01:29 OPEC come out and sort of announce that they might start selling crude outside of US dollar,

01:35 then we have potentially quite an issue.

01:38 [BLANK_AUDIO]