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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
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