Our global strategists have written at length about a potential shortage of USDs outside of the US economy (please see their recent article “Global Money Notes #8: From Exorbitant Privilege to Existential Trilemma, dated 18 November 2016). Their argument is that:
1. There is a very large market for USD funding outside of the US.
The full text of this article is available to MacroBusiness subscribers
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
