The key question to ask as one navigates the turbulent sea of global risks is whether we have a reached the turning point at which the dollar begins to lose its status as a reserve or safe-haven currency.The starting point would be to focus of President Donald Trump’s hard macroeconomic challenges over the next four years. The elephant in the White House’s oval office is clearly the Federal Government’s enormous fiscal deficit (about 7% of its GDP) and the overhang of government debt (estimated at over $36 trillion or 124% of GDP as of December) that seems well-nigh impossible to service.
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