“Since Q1 ’22, rest of the world has had change of attitude toward the US dollar and fewer people are willing to hold it for reserves and trade; it’s not a flood yet but bad enough to show up in macro-level data; also seeing higher prices hide lower international trade volumes:”
Since Q1 '22, rest of the world has had change of attitude toward the US dollar and fewer people are willing to hold it for reserves and trade; it's not a flood yet but bad enough to show up in macro-level data; also seeing higher prices hide lower international trade volumes: pic.twitter.com/QTCX2fGMoN
— E.J. Antoni, Ph.D. (@RealEJAntoni) March 22, 2024
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