De-Dollarization Delayed

The funny thing about the de-dollarization story is that it's unequivocally false. I tried to convey that as best I could when it (de-dollarization) elbowed its way back into the macro topic limelight a couple of years ago. Sometimes I was polite about it, other times not so much. Sundry related "new world monetary order" narratives proliferated in 2022 after the West froze Russia's G7 claims. As usual, a new crop of macro observers embraced those narratives wide-eyed and enthusiastic, as thou