Does COVID-19 Have the World Rethinking Dollar Supremacy?

A reading of a piece by a Yale professor and former head of Morgan Stanley Asia arguing the dollar’s status is changing rapidly.

Jul 12, 2020 at 4:00 p.m. UTC
Updated Sep 14, 2021 at 9:29 a.m. UTC

A reading of a piece by a Yale professor and former head of Morgan Stanley Asia arguing the U.S. dollar’s status is changing rapidly.

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This episode is sponsored by Bitstamp and Crypto.com.

On this episode of The Breakdown: 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 two to three years

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