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Does COVID-19 Have The World Rethinking Dollar Supremacy?

The Breakdown | Podcasts
By: The Breakdown
Published: 2020-07-12 22:00:00
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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.”

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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