One issue is going to gain prominence over the coming months. I suspect that the Trump administration is going to try and strong-arm the likes of the IMF and the World Bank to change their lending practices and to encourage current-account surplus economies to rebalance the share of saving and consumption in their economies.  The strategy will likely entail a potential reset of the world’s monetary system as we currently know it, which I think could lead to a period of sustained US dollar weakness over the medium term. Several months ago, this column noted that the US tariff regime…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .