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Re: De-dollarization trend
continues
Jester,
Indeed - As you say, it may take some time - but eventually,
inevitably I think the Yuan at least becomes a large part of the
basket that determines world resereve currency, or takes the title
outright. I think when that time arrives, it will creates havoc
with our markets and our economic strengths (and the 'sins' of our
economy that gets a 'pass' from worldwide investors, producers,
etc.) Maybe it happens sooner. Maybe we never see it after
full transition. But if you have kids, I don't think it'll be
pretty for them. If they're college age, and interested in business
and economics, taking courses in Mandarin might be a good
move.
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