3 ms·

I'll play the contrarian on this one. 1. Article from 2007, we're currently 5% (or so) above those lows. 2. Currently, there is no suitable replacement for a

I'll play the contrarian on this one. 1. Article from 2007, we're currently 5% (or so) above those lows. 2. Currently, there is no suitable replacement for a reserve currency. 3. The dollar is the world's largest effective long position. Countries, central banks, and individuals all have skin in the game. I could easily play the other side, but the sentiment for a dollar "collapse" is a little strong in the short term.

jeromec 17y ago
> I could easily play the other side, but the sentiment for a dollar "collapse" is a little strong in the short term. That is a huge point. It's unfortunate that the value assigned to non-backed currency like the dollar is largely psychological. If enough people believe its value is going down they will shed it and the domino effect makes that outcome a self-fulfilling prophecy. For that reason I think we need to focus, as you have done, on reasons the dollar remains a safe bet.