The US dollar is sinking amid twin health and economic crises. Image: Twitter
William Pesek, Asia Times: Perfect storm sinking the almighty dollar
The “dollar-is-crashing” trade is the ultimate widow-maker. For decades, it’s confounded more punters than bets against Chinese stocks, Japanese debt and Hong Kong property combined.
Yet might it soon pay off, finally, thanks to Donald Trump’s blunderbuss of a White House? The odds don’t favor it, at least for now.
Neither Trump pushing US debt past the US$25 trillion mark nor his trade war nor his disastrous response to the coronavirus has tanked the reserve currency. The reason, of course, is a dearth of trusted alternatives.
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Commentaries, Analysis, And Editorials -- July 27, 2020
Israel and Hezbollah: Shadow-boxing with live weapons -- Jonathan Marcus, BBC
Is Iran’s Mahan Air a ‘terrorist airline?’ -- Stephen Bryen, Asia Times
Will Afghanistan’s Peace Ever Arrive? -- Ezzatullah Mehrdad, The Diplomat
Why is the US accusing China's Houston consulate of spying? -- Tracey Shelton, ABC News Online
Digging in on rare earth, the next front in the US supply chain war with China -- Mark Magnier, SCMP
The Coronavirus Puts a Spotlight on a National Security Supply Crisis -- Stijn Hoorens, National Interest
The U.S. has a China problem that requires attention -- Tom Jurkowsky, Capital Gazette
As U.S. Power Wanes, Russia and China Consolidate Their Influence in Central Asia -- Edward Lemon and Bradley Jardine, WPR
Factbox: Why Mali is in turmoil again -- Reuters
Unrest Threatens Ethiopia’s Transition -- A. Demissie & A. Soliman, Chatham House
How Maduro Is Using COVID-19 to Silence His Opponents Even Further -- Bibi Borges, America's Quarterly
Despite the WE scandal, we're stuck with Trudeau and Morneau -- National Post
The U.S. Military Won’t Return to Business as Usual After the Pandemic -- Rebecca Friedman Lissner, War On The Rocks
Global economy needs a coronavirus vaccine – fast -- Alan Wheatley, Asia Times
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