Is the US Dollar’s Privilege on Borrowed Time?

The Dollar’s Exorbitant Privilege Is on Borrowed Time

By Clive Crook – Bloomberg Just how durable is the dollar’s preeminence, and how much would it matter if the currency was dethroned? Until recently, these questions could be confidently dismissed as theoretical curiosities: All very interesting, but the world economy has organized itself around the dollar for decades and, contrary to numerous failed predictions, this isn’t about to change. President Donald Trump’s all-fronts assault on business …

Trevor Greetham: Why US dominance deserves a rethink

Since the 2008 financial crisis, US equities have increasingly come to dominate global portfolios, rising from around 40% of global market capitalisation Since the 2008 financial crisis, US equities have increasingly come to dominate global portfolios, rising from around 40% of global market capitalisation to almost 65% today.

Is the US dollar’s privilege on borrowed time?

The debate about its dominance turns on benefits, costs and incumbency