Disliked{quote} yep..world still using dollar. But did you hear about BRICS?? They are already avoiding dollar. When the Us rates increase, the demand for dollar will be decreased. Then the scenario which I've talked about balloon bursting happens. That is the only reason, they kept low interest rates since last few years..They are fooling the public by showing fake recovery or growth.Ignored
its a hard fact to swallow but the truth is US is still very much in charge of the world economy....
in fact even if US interest rates rose up to 3%.... we may see another market collapse but i start to wonder will it be US again? or will it be on the emerging markets thats using the US Dollar as a medium of exchange who are exposed?
my guess is the emerging market suffering if US interest rates goes up to 3%. but it does not necessarily mean US would collapse.
We live in a finite world with infinite possibilities.