The US’s Borrowing is a Threat to the Dollar Even Though the Debt-Ceiling Drama Looks Like it’s Coming to an End, Jim Grant Says
Unchecked US borrowing could end up threatening the dollar’s long-term dominance, according to Jim Grant. Promises to cut spending will likely be “negated and forgotten,” he told CNBC. Fears about the government defaulting on its debt repayments have weighed on demand for dollar-denominated Treasury bonds. (Business Insider) The dollar’s dominance as a reserve currency could […]