Does COVID-19 Have The World Rethinking Dollar Supremacy?
On this episode of Long Reads Sunday, we look at Professor Stephen S. Roach’s piece In it, he argues: Americans have been squandering their savings potential Because of this, we are forced to borrow surplus savings from abroad We have...
July 12, 20209m 40s
Audio is streamed directly from the publisher (traffic.megaphone.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
On this episode of Long Reads Sunday, we look at Professor Stephen S. Roach’s piece “The Covid Shock To The Dollar.”
In it, he argues:
- Americans have been squandering their savings potential
- Because of this, we are forced to borrow surplus savings from abroad
- We have usually been able to do this on favorable terms
- That window may be coming to a close
- There could be a 35% drop in the dollar over the next 2-3 years