On this episode of Long Reads Sunday, we look at Professor Stephen S. Roach’s piece “The Covid Shock To The Dollar.”

In it, he argues:

• Americans have been squandering their savings potential 
• Because of this, we are forced to borrow surplus savings from abroad
• We have usually been able to do this on favorable terms
• That window may be coming to a close
• There could be a 35% drop in the dollar over the next 2-3 years