The Grant Williams Podcast · Wednesday, July 8, 2026
Brent Johnson, architect of the milkshake theory, discusses his recent piece 'The Band,' which aims to clarify the nuances of his theory about the dollar. Johnson explains that while his initial predictions on timing were off, his core reasoning remains, focusing on the dollar's mechanics and its impact on the global economy. He highlights the danger posed by a strong dollar, which can destabilize other economies.
“You're about to listen to a special preview edition of the Grant Williams podcast. Joining me, my very special guest and my good friend, Brenton Johnson of Santiago Capital.”
“I kind of wanted to write something that people could go back and refer to, right? Like they can just keep a copy of it and they can refer back to the different sections of the different components that I've explained in more detail this time.”
“And so if it can stay within that band, it's fine. But outside of that band on either side, you get problems.”