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China is snapping up Japanese government bonds, and it’s not just for the returns

[CNBC, GETTY IMAGES] China bought 1.46 trillion yen ($13.8 billion) in medium to long-term Japanese government bonds on a net basis between April and July. That was 3.6 times more than the same period last year.In the same period, the U.S. increased its purchases by only 30%, in comparison. Europe, meanwhile, sold off 3 trillion […]

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Digital Currencies May ‘Erode’ Dollar’s Role in Global Finance: Report

[Decrypt] A new report from Deutsche Bank says countries need to be ready for the disruption central bank digital currencies may cause. Central bank digital currencies (CBDCs) are likely to transform the way we live, and consumers and financial institutions need to be ready, Deutsche Bank has said.  CBDCs could have a particularly heavy effect […]

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Digital Dollar To Be ‘In Competition’ With Bitcoin

[Forbes, Getty Images] Digital dollars and central bank digital currencies are fast becoming a reality, with China this month reportedly expanding a pilot program for its digital yuan. While the U.S. has barely even begun thinking about a digital dollar, its potential implications have generated extensive debate, with a former governor of the Reserve Bank of India, Raghuram Rajan, saying […]

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Gold ETF Holdings Are Booming and Only the U.S. Government Holds More

[Bloomberg] Bullion has rallied to record as pandemic drives haven demandGoldman is among banks predicting gains above $2,000 an ounceInvestors are so concerned about the global outlook that worldwide holdings in gold-backed exchange-traded funds now stand behind only the official U.S. reserves of bullion after they surpassed Germany’s holdings. Gold has rallied to a record […]

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US economy posts its worst drop on record

[CNN] New York — The US economy contracted at a 32.9% annual ratefrom April through June, its worst drop on record, the Bureau of Economic Analysis said Thursday. Business ground to a halt during the pandemic lockdown in the spring of this year, and America plunged into its first recession in 11 years, putting an end to the longest […]

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The Dollar Is Dropping. What It Means and Which Stocks Might Gain.

[Barrons, Bloomberg] The dollar has been weakening in recent months and currency strategists see more declines ahead. That could call for a different playbook for investors, including more foreign holdings. In a note to clients on Monday, Goldman Sachs ’s currency strategists forecast a 5% weaker dollar in trade-weighted terms during the next year. The U.S. Dollar Inde […]

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Goldman Warns the Dollar’s Grip on Global Markets Might Be Over

[Bloomberg] Recommends investors keep buying gold, boosting forecastsU.S. policy is triggering greenback ‘debasement fears’Goldman Sachs Group Inc. put a spotlight on the suddenly growing concern over inflation in the U.S. by issuing a bold warning Tuesday that the dollar is in danger of losing its status as the world’s reserve currency. With Congress closing in […]

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U.S. Moves Closer To Digital Dollar

[Forbes, Getty Images] On June 30th, 2020, the Senate Banking Committee held a hearing on the future of the digital dollar. The pressures to create a digital USD are mounting as China recently began testing its own digital currency – the DCEP, which will be included in popular applications like WeChat and AliPay. Of particular concern is […]

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How the Coming Crash in the Dollar Will Unfold

[Bloomberg, Getty Images] The argument that there is no alternative to the U.S. currency makes little sense. Scorn has long been heaped on those daring to question the supremacy of the U.S. dollar as the world’s dominant reserve currency. I certainly received more than my fair share in reaction to a column I recently wrote for Bloomberg […]

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A Crash in the Dollar Is Coming

[Bloomberg, Getty Images] The world is having serious doubts about the once widely accepted presumption of American exceptionalism. The era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. Then French Finance Minister Valery Giscard d’Estaing coined that phrase in the 1960s largely out of frustration, bemoaning a […]

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