My hunch: not really.
Why? Follow the money...or more precisely the $
[THREAD]
academic.oup.com/isp/advance-ar…
[This is something that two of my collaborators, @daniel_mcdowell & @whinecough, have been following very closely.]
The key is that economies are shutting down in an effort to "flatten the curve" in the hope of slowing the spread of #COVID19 cases.
Source @FT: ft.com/coronavirus-la…
Answer: Flying to quality!
onlinelibrary.wiley.com/doi/abs/10.111…
That is expected to be no different this time around.
cnbc.com/2019/01/25/if-…
Source: markets.ft.com/data/commoditi…
Source: markets.ft.com/data/bonds/tea…
google.com/books/edition/…
google.com/books/edition/…
Several things...
1) It will be less expensive for the US government to fund a stimulus package (or series of packages)
cnn.com/2020/03/25/pol…
1) The 💵is perceived as 👍
2) US dominance is based on 💵perceived as 👍
So I don't see US dominance becoming 👎
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