Does COVID-19 Have the World Rethinking Dollar Supremacy?

A reading of a piece by a Yale professor and former head of Morgan Stanley Asia arguing the U.S. dollar’s status is changing rapidly.

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This episode is sponsored by Bitstamp and Crypto.com.

On this episode of The Breakdown: Long Reads Sunday, we look at Professor Stephen S. Roach’s piece “The COVID Shock to the Dollar.”

See also: ‘It Sure Doesn’t Feel Like the Greatest Economy of All Time,’ Feat. George Gammon

In it, he argues:

• Americans have been squandering their savings potential
• Because of this, we are forced to borrow surplus savings from abroad
• We have usually been able to do this on favorable terms
• That window may be coming to a close
• There could be a 35% drop in the dollar over the next two to three years

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.