James Fok on the US-China Financial Cold War, Dollar Dominance and Role of HK
Macro Hive Conversations With Bilal Hafeez
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Are We Coming to the End of the Road?
With rising inflation and the increase in interest rates, whether we're coming to the end of the road. The sanctions that have been placed on russia are likely to e a very significant role in a possible end game. Allied countries has to be thinking very hard about whether or not they want to have such a large proportion of their reserves allocated to tus Treasuries. But if the united states continues o stand this line, and there's no proactive agreement to reform the system, it's likely that fantial markets can stay irrational for longer than any of us can stay solvent.
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