Dollars and Depression
The falling dollar has emerged as a source of profound global macroeconomic distress. But, unless and until foreign savers and investors stop financing the US current-account deficit, the world economy may dodge a potential catastrophe.
https://prosyn.org/tlo8AkW
The falling dollar has emerged as a source of profound global macroeconomic distress. The question now is how bad that distress will become. Is the world economy at risk?