Links: De-dollarization, top down US policy and the new Cold War

As Trade War Heats Up, Biggest Currency Whales Make Their Move - Great article. Central banks are starting to diversify away from the US dollar. Many Wall Street strategists now see the euro as a viable alternative. My view: this shift reduces the need for countries to accumulate dollars and, therefore, should have a negative impact on the currency. That should weaken the current account deficit and increase inflation.

Before expulsions, a brick-by-brick hardening of U.S. stance toward Russia - The US stance toward Russia is becoming increasingly hostile. And this is despite Donald Trump's desire to maintain a positive dialoge with the Russians.

When Fiscal and Monetary Policy Collide - Scott Minerd, Guggenheim Partners - I linked to a summary of this piece yeserday. Here is the original...


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