Ever since the Wall Street financial crisis of 2008, predictions of the dollar’s demise have come fast and furious. As the U.S. economy sank into recession, so too did confidence that the greenback could maintain its long-held position as the world’s No.1 currency. In Beijing, Moscow and elsewhere, policymakers railed against the dollar-dominated global financial system as detrimental to world economic stability and vowed to find a replacement.
The Strength Of The U.s. Dollar Reflects Global Economic Reality
Liam Fitzpatrick, Time: Business
Sun, 11/02/2014 - 10:06pm
Topics: wall street moscow u.s treasury federal reserve america&rsquo european central bank ecb oct prime minister shinzo abe&rsquo abenomics capital economics japan&rsquo japanese indonesia u.s gdp boj u.s beijing china india fed ecb bank europe&rsquo japan russia&rsquo strength global reality financial currencies currency economies years economy crisis markets world program world’s policymakers growth factors yen no.1 rival interest pressure that’s place high greenback emerging qe policy yuan stability
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