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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: sciAticA errAticA who wrote (32864)5/20/2005 8:11:49 PM
From: Ramsey Su  Read Replies (2) of 110194
 
I would have to say that I disagree with Gross' outlook for one simple reason. He did not take into account that the US dollar hegemony may be facing severe challenges in the immediate future. In fact, are we trying to force the issue as we pressure one of the biggest user of US$, China, to float their currency?

Furthermore, most commodities such as oil are denominated in US$s. There may come a day that the mighty dollar is not longer the anchor currency, now how do we deal with all the dollar denominated debt? There is no doubt that China, India and the rest of the Asian countries will assume a larger and larger global economic role. The question remains if that process is fast enough to replace the declining Anglo-Saxon world?
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