My new @FT oped on gradual de-dollarization:
A bipolar currency regime will replace the dollar’s exorbitant privilege.
The greenback is bound sooner or later to feel the effects of intensifying geopolitical rivalry between the US and China
This is a really trashy rally.
The flight to shite.
Very well said! Ban altogether this crypto scam!
Why America Should Ban Crypto.
It isn’t currency. It’s a gambling contract with a nearly 100% edge for the house.
By Charlie Munger
Opinion | Why America Should Ban Crypto
It isn’t currency. It’s a gambling contract with a nearly 100% edge for the house.
www.wsj.com
Nouriel Roubini is Professor Emeritus (2021-present), Professor of Economics (1995-2021), Stern School of Business, New York University. He is also CEO of Roubini Macro Associates, LLC, a global macroeconomic consultancy firm in New York, as well as Co-Founder of Rosa & Roubini Associates based out of London. At a 2006 address to the International Monetary Fund, Roubini warned of the impending recession due to the credit and housing market bubble. His predictions of these upside-down balance sheets became a reality in 2008, with the bubble bursting and reverberating around the world into a global financial crisis – a recession we’re only recently rebounding from after a decade climb. READ MORE
The Unavoidable Crash
After years of ultra-loose fiscal, monetary, and credit policies and the onset of major negative supply shocks, stagflationary pressures are now putting the squeeze on a massive mountain of public- and private-sector debt. The mother of all economic crises looms, and...
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