Our ability to finance ourselves depends upon the willingness of foreign central banks to hold dollars. That willingness is going to be shrinking (this) year.
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There's renewed market attention on global imbalances as governments have showed again they're worried and the U. S., without saying it has a weak dollar policy, is making clear it would like a lower dollar.Nouriel Roubini
The ability to send a 'sell' order that roils markets may not give China a veto over U. S. foreign policy, but it surely does increase the cost of any U. S. policy that China opposes.
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I think it's a very negative signal we're sending to the world. We don't have the luxury to snub the world.
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While central banks care less than private investors about the return on their investments, they're not completely clueless,
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He's one of the most brilliant people I've ever met.
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