Yellen’s de-dollarization fears will only get worse
In the middle of an otherwise mundane Congressional hearing on July 9, US Treasury Secretary Janet Yellen made an extraordinary admission: De-dollarization is now her biggest fear.
De-dollarization asian news
US debt moving toward $50 trillion isn’t whole story
WASHINGTON – The most disturbing thing about forecasts that the US national debt will hit $50 trillion by 2034 is that the true figure surely will be much bigger.
Biden, Trump China tariffs draw on old, losing playbook
As Joe Biden throws down the gauntlet in his bid to defeat Donald Trump, the US president risks repeating one of his predecessor’s biggest blunders.
AI won’t save us but cybernetics could
Popular Chinese economist Lu Qiyuan recently claimed the US has four years to prevent a major political, social and financial crisis. It must do at least one of three things: implement structural political reform; prevent the dollar from losing its role as the global reserve currency; or create a new wave of economic growth driven by artificial intelligence (AI).
Yuan internationalization drive hits a local speed bump
As Chinese leader Xi Jinping works to increase the yuan’s role in global trade and finance, he’s encountering an unexpected speed bump: mainland companies.