Does COVID-19 Have The World Rethinking Dollar Supremacy?

<p><span style="font-weight: 400;">On this episode of Long Reads Sunday, we look at Professor Stephen S. Roach’s piece</span> <a href= "https://www.project-syndicate.org/commentary/covid19-shock-rapid-dollar-depreciation-by-stephen-s-roach-2020-06"> <span style="font-weight: 400;">“The Covid Shock To The Dollar.”</span></a></p> <p><span style="font-weight: 400;">In it, he argues:</span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Americans have been squandering their savings potential </span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Because of this, we are forced to borrow surplus savings from abroad</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">We have usually been able to do this on favorable terms</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">That window may be coming to a close</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">There could be a 35% drop in the dollar over the next 2-3 years</span></li> </ul>