From my European perspective, it is appalling to watch countries come humbly begging for relief from the levy regime from the smug, frustrated and unsympathetic tinkering US president. However, it is probably best if this crisis is contained and the fire is not stoked further, while in the meantime we disengage from the US and move to a new world order without the dominance of the Americans.
Being the global reserve currency brings immense advantages: lower borrowing costs, persistent demand for sovereign debt, and unparalleled financial influence. But reserve status is not a birthright. It comes with stringent, often overlooked requirements. In a world where the safety-liquidity-return hierarchy governs global capital flows, breaching the “safety” pillar would be the most dangerous move of all.
From my European perspective, it is appalling to watch countries come humbly begging for relief from the levy regime from the smug, frustrated and unsympathetic tinkering US president. However, it is probably best if this crisis is contained and the fire is not stoked further, while in the meantime we disengage from the US and move to a new world order without the dominance of the Americans.
Being the global reserve currency brings immense advantages: lower borrowing costs, persistent demand for sovereign debt, and unparalleled financial influence. But reserve status is not a birthright. It comes with stringent, often overlooked requirements. In a world where the safety-liquidity-return hierarchy governs global capital flows, breaching the “safety” pillar would be the most dangerous move of all.
https://open.substack.com/pub/marketszoon/p/dollar-privilege?r=58uzcq&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
I’ve read that elon is burnt toast..going away with his rat’s tail between his cloven feet…
Dream on, he’ll never take back those tax breaks, he’s a coward and he craves the billionaires acceptance and approval, always has.
Oh he’ll do anything for $50 bucks.
kleptocracy is definitely his game.
Unfortunately I fear the tariff strategy has little to do with economics...
https://justhinkin.substack.com/p/strategy-behind-tariffs?r=3cs2wr