BREAKDOWN: 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 that the dollar’s status is changing rapidly.
July 12, 2020
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On this episode of Long Reads Sunday, we look at Professor Stephen S. Roach’s piece “The Covid Shock To The Dollar.”
This episode is sponsored by Bitstamp and Crypto.com.
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
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