Another reason that CNY cannot unseat USD as the major reserve currency is that it would require China to have an open capital account, which is not going to happen anytime soon.
Couldn't agree more. While QE has huge issues, and Big Ben will forever be known as a chicken that was afraid of the market. I can't Taper!! LOL
The Dollar really doesn't have any good alternatives and with terrible management of interest rates over the last 2 decades from our central banks, and even our government. The US is still a beacon of safety and will be the reserve currency as far as my eyes can see.
Great book on this - Is the end the world is just beginning.
Another reason that CNY cannot unseat USD as the major reserve currency is that it would require China to have an open capital account, which is not going to happen anytime soon.
Interesting article... Will include it in my Monday Emerging Markets Link post...
Great article!
Great stuff as usual
Couldn't agree more. While QE has huge issues, and Big Ben will forever be known as a chicken that was afraid of the market. I can't Taper!! LOL
The Dollar really doesn't have any good alternatives and with terrible management of interest rates over the last 2 decades from our central banks, and even our government. The US is still a beacon of safety and will be the reserve currency as far as my eyes can see.
Great book on this - Is the end the world is just beginning.
Great article. Only doubt is gold. It is evident the gap between datas after 2021. Could you elaborate a bit more on this issue? Thank you!