Episode 260: UPAR, De-dollarization Hysteria, And Using Risk Parity Portfolios For Intermediate Term Goals
Risk Parity Radio
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The Wave of the Future
The U.S. dollar is used for over 80% now of the world's international transactions, says Peter Bergen. That has not changed based on these recent transactions, because they are "a drop in the bucket," he adds. And it takes a really long time to change reserve currencies from one country to another as we have seen with Russia and China. The idea that this will happen overnight or within weeks doesn't make any sense, writes Bergen.
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