Adam Posen on central banks, China and the enduring power of the dollar
FT Alphachat
00:00
What's the Alternative?
There is a huge preference in the world for dollar-denominated assets. This is something it's not about China per se, right? We're generally in a lot of great people have done work on that. And if you did an optimizing portfolio model, we are so far from what people's portfolios should be. Are there really serious structural risk factors out there? Or are we still, in a sense, the lucky country?
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