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Fragile by Design? Why the Euro Struggles to Rival the U.S. Dollar
Over the last few months, I’ve tackled the de-dollarization buzz surrounding the U.S. dollar. And my question remains: Sure, the U.S. dollar might not be spotless - like a shirt with a stain in a basket of laundry. But isn’t it still the cleanest shirt in the pile? Or said another way, if the dollar were dethroned, what could possibly take its place? A BRICS currency? Not likely. I’ve covered this in The De-Dollarization Dream and The Flaws of a BRICS Currency. The idea sounds bold, but it falls apart in reality. Heck, just last week, President-elect Donald Trump added fuel to the fire by threatening a 100% ... (full story)
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