Newslink: This Time It’s JPMorgan: Another Wall Street Economist Predicts US Dollar’s Demise
TL;DR: Yet another Wall Street economist is predicting the US dollar’s demise. Foreign exchange, commodities, and rates strategist for JPMorgan Chase, Craig Cohen, recently called into question how much longer the United States dollar will be a dominant reserve currency for the world. “In other words, in the coming decades we think the world economy will transition from the US and US dollar dominance toward a system where Asia wields greater power,” Cohen insisted.
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