You are here
JPMorgan's Marko Kolanovic says dollar hegemony is now at risk
By Cecile Gutscher
Bloomberg News
Thursday, September 27, 2018
A backlash against the world's reserve currency may be brewing as rivals to America look to weaken the dollar's hold over the global financial system, says Marko Kolanovic, macro-market wiz at JPMorgan Chase & Co.
President Donald Trump's isolationist foreign policy is a "catalyst for long-term de-dollarization" among countries from Europe and Asia to the Middle East that have long lamented the hegemony of the U.S. currency, he wrote in a note co-authored with Bram Kaplan.
... Dispatch continues below ...
USAGold: Coins and bullion since 1973
USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.
Please call 1-800-869-5115x100 and ask for the trading desk, or visit:
USAGold: Great prices, quick delivery -- all the time.
"With the current U.S. administration policies of unilateralism, trade wars, and sanctions increasingly affecting both friends and foes, the question arises whether the rest of the world should diversify away from the risks of the U.S. dollar and dollar-centric finance," said the quantitative and derivatives strategists. ...
Gold, which tends to benefit from a weaker greenback, also offers a hedge for any tentative push to de-dollarize. And it's looking decidedly cheap right now, according to JPMorgan. ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2018-09-27/jpmorgan-s-marko-kola...
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
