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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.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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