On this episode of Long Reads Sunday, we look at Professor Stephen S. Roach’s piece “The Covid Shock To The Dollar.”
In it, he argues:
- Americans have been squandering their savings potential
- Because of this, we are forced to borrow surplus savings from abroad
- We have usually been able to do this on favorable terms
- That window may be coming to a close
- There could be a 35% drop in the dollar over the next 2-3 years
