Adam Tooze arguing that the dollar will maintain its reserve currency status because there is no alternative.
Chartbook #106: The new buttresses of the dollar system.
I'm not so sure.
Trump's crazy actions scared our traditional allies and the Russian sanctions must have our traditional foes thinking. I'd bet most of the world leaders are quietly thinking there needs to be a reserve currency that's not solely dependent on the dollar.
It may take a few years but I'm guessing dollar hegemony has seen its peak.
No comments:
Post a Comment