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Open original source ↗These days, the dollar is supported less by the US Navy, and more by all the crossborder dollar-denominated debt outstanding.
But the real punchline is that it's also the source of the US structural trade deficits and industrial stagnation.
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We all know a big shift is happening, but it's still wild to read about in the pages of the @FT Classic @LukeGromen signpost https://t.co/kBG2dG5Chm
gladstein ↗