Sanctions support — not weaken — dollar dominance, former Treasury official Dan Katz wrote. Countries willing to accept the risk of sanctions signal to investors that they are safe, he added. Despite increased use of sanctions, the dollar’s share of international transactions has grown since 2010. Arguments that US sanctions are a threat to the … Read more
US inflation has steadily cooled since mid-2022, thanks to large interest-rate increases by the Federal Reserve. However, a four-month drop in the dollar is threatening to derail that trend by raising the cost of imported goods. The dollar index has fallen by more than 11% from a peak reached in late September. US consumers are … Read more
Joint currencies tend to boost trade by getting rid of conversion costs and exchange rate uncertainty. Brazil and Argentina could later expand the initiative to neighboring countries, creating a euro-type currency for South America. Brazil and Argentina are preparing to launch a joint currency that could eventually become a euro-like project adopted by all of … Read more
Peter Thiel, one of Silicon Valley’s most prominent venture capitalists, suggested bitcoin could pose a threat to the US during a virtual seminar held by the Richard Nixon Foundation this week.”Even though I’m a pro-crypto, pro-bitcoin maximalist person, I do wonder whether at this point bitcoin should also be thought of in part as a … Read more