Re:U.S. stock market returns – a history from the 1870s to 2022
by bwanab on Friday January 06, 2023 @03:54PM
(#34280914)
<The world can only tolerate so much contradiction.>
My guess is the world can tolerate it as long as everybody is making money off it. When that stops, the contradiction might seem intolerable.
The world needs a default reserve that's not tied to any single central bank. For all the upsides there are also real downsides for the US having its currency as the default reserve.
My guess is the world can tolerate it as long as everybody is making money off it. When that stops, the contradiction might seem intolerable.
The world needs a default reserve that's not tied to any single central bank. For all the upsides there are also real downsides for the US having its currency as the default reserve.