Dollar Dominance: Deconstructing the Myths and Untangling the Web Dec 31, 2015
On December 16th, 2015, Federal Reserve Officials announced that after 6 years of 0% interest, they would finally raise the Federal Fund Rate. The move was seen by many as an attempt to provide markets with a boost of confidence. Although markets initially sold off on the news, they have in fact rebounded back to normal levels. Still, the question of whether or not the US economy is strong enough to maintain levels of growth has yet to be answered. Washington’s privileged position as issuer of the global reserve currency has allowed for an unprecedented monetary expansion with relatively low...
Please login to comment
Not a member yet?
Join now to be part of the conversation and get all the other great membership benefits of Liberty.me!