@dbcurren.bsky.social“This shift, which happened in the mid 2010s, is brought out beautifully in #graphs by #KarlSchamotta, whose work I want to highlight in this post along with that by old Chartbook-friend Brad Setser.” adamtooze.substack.com/p/chartbook-...
@karl-schamotta.bsky.social #USdollar #reservecurrency
@market-ocean-en.bsky.socialThat leaves a question no acceleration plan can settle by decree: how far will global investors trust a currency whose issuer still decides when money may leave? #Renminbi #China #ReserveCurrency
