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William Benedict's avatar

Thank you Greg. You are not insane. You are a voice of sanity in an insane world. Thank you.

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Anna Marie's avatar

The thing I don't quite understand (not an economist here) is ...is the MMRI only based on whether the dollar remains the reserve currency. At some point won't people figure out we are not bringing much to the table? If the dollar did stop being the reserve currency it seems the bond yields would go much higher because they would not be in much demand but essentially the MMRI could stay the same as the value of the dollar plummets. How does this figure in? Obviously countries are actively working to stop the dollar from being the reserve currency. The list of countries doing so is expanding.

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