Is USD a sinking ship?
Yes, at least according to data presented by Yahoo...
Sometimes it is better to just post the numbers and let the readers think by themselves:
"the buck's status as a reserve currency eroded in 2022 at 10 times the pace seen in the past two decades, according to Eurizon SLJ Asset Management."
"greenback's share of total global reserves fell to 47% last year, from 55% in 2021 and as much as two-thirds in 2003."
Are there any sane plans to reverse that trend or the US is doing the opposite? I think that the erosion will continue. Feel free to correct my assessment with things I might be missing which could change my understanding of the state of things in the good old America. I wonder what wake-up calls the law makers need to start acting if such numbers are not enough…
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