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Michael Pettis
michaelpettis.bsky.social
did:plc:aday7msfnpqba7psqpjq3pij
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While Bloomberg is right to say that "a less hegemonic dollar would [adversely] affect America’s geopolitical prowess," it is wrong to assume that it would also adversely affect the US economy, or that it would raise US interest rates.
https://www.bloomberg.com/news/articles/2025-08-11/dollar-faces-competition-as-trump-redefines-trade-order?srnd=homepage-americas
2025-08-31T12:09:06.213Z