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06.06.26 - 14:12
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Is the Dollar Losing Its Luster? (Bloomberg)
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Economist Ken Rogoff argues that the dollar's position as the world's dominant currency is unlikely to disappear overnight, but faces mounting pressures. On the international stage, the war in Iran, rising military spending, and China's efforts to expand use of the yuan build on a trend toward a more multipolar financial system. At home, persistent US deficits, rising debt burdens, and higher interest rates darken America's fiscal trajectory. Rogoff says the dollar remains deeply embedded in global trade and finance, but warns that the gradual erosion of its dominance is already underway. (Source: Bloomberg)...
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05.06.26 - 20:06
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Why Tiny Ireland Distorts the Euro Zone′s GDP Numbers (Bloomberg)
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Few countries punch above their weight as much as Ireland does. Culturally, the tiny island nation of just 5 million people boasts award-winning actors such as Cillian Murphy, world renown brands like Guinness, and some of the best butter anywhere. Ireland's leader is practically guaranteed a White House meeting with the US president every year on St. Patrick's Day....
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