MacroVoices #426 Brent Johnson: Dollar Milkshake Update in a World of Global Uncertainty
Macro Voices
Consequences of Global Rejection of Treasury Bonds and US Dollar Dependency
A rejection of US treasury bonds by the rest of the world could lead to a rise in interest rates, causing the dollar to strengthen. This scenario can potentially result in various economic challenges. The concept of fiscal dominance highlights the global dependency on US dollar funding, with significant amounts of US dollar debt and derivatives held by countries worldwide.
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