3min chapter

Dry Powder: The Private Equity Podcast cover image

Preparing for a Post-Dollar Era

Dry Powder: The Private Equity Podcast

CHAPTER

The Natural Evolution of the Dollar

The US GDP, I think, was nearly a quarter of global GDP at the end of World War II. We may not have the dollar or the US as the capital market for the world in a more broken system. That doesn't mean that the dollar won't remain one of the most important reserve currencies. So the retreat of the US dollar is neither good nor bad.

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