The dollar is losing its reserve status at a faster pace than generally accepted as many analysts have failed to account for last year’s wild exchange rate moves, according to Stephen Jen.
The US will continue its strategy of drawing a big line between “good” countries and “bad” countries. Then it will eat the “good” countries while projecting blame at the “bad” countries.
The US will continue its strategy of drawing a big line between “good” countries and “bad” countries. Then it will eat the “good” countries while projecting blame at the “bad” countries.