Fool’s gold: How geopolitical risk is taking some of the shine off the US dollar - CEPR
Fool’s gold: How geopolitical risk is taking some of the shine off the US dollar - CEPR
Source: CEPR
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DW NOTE
The dollar is weakening not because of fiscal profligacy or monetary mismanagement, but because America's security guarantees no longer carry the weight they did. When 85 ships a day become 6 and Washington can't reopen the strait, reserve currency status becomes a bet on force projection that isn't projecting.