I have recently read, but now cannot find again, an article talking about the role of the dollar as global reserve currency, and an analysis of some of the issues of trying to change to a different reserve currency. Including one item in particular that says, if I recall rightly, that the country hosting the would-be reserve currency has to be willing to run long term trade deficits in order for the other countries to accumulate meaningful stores of the currency. I though the article was a Mauldin 'Outside the Box', but now I can't find it. Any leads?
Thanks,
Chuck
Hmmm... Have a look at one of these articles: http://www.investorsinsight.com/blogs/john_mauldins_outside_the_box/search.aspx?q=global+reserve+currency+deficit
The above link results in a search for the keywords 'global,' 'reserve,' 'currency,' and 'deficit' within Outside the Box articles only. Let me know if one of these are it. If not, I'm happy to help you dig a little deeper.
Thanks - David
Good one to read.
Wouldnt mind accessing but this cropped up
"Sorry, there was a problem with your last request!"
This issue has been fixed. Thanks for bringing it to my attention!