Markets surged after President Donald Trump said he would not fire Federal Reserve chair Jerome Powell and Treasury Secretary Scott Bessent called for tariff de-escalation.
Are we not paying attention to the fact that the USD has slipped meaningfully compared to more than a few other major currencies? And that the trust we broke is going to take at best decades to reestablish, because it took like a literal fucking century to build? I really wouldn’t be surprised if the world shifts to €-standard in the coming years.
Are we not paying attention to the fact that the USD has slipped meaningfully compared to more than a few other major currencies? And that the trust we broke is going to take at best decades to reestablish, because it took like a literal fucking century to build? I really wouldn’t be surprised if the world shifts to €-standard in the coming years.