Fortune (May 24)
“Predictions that the dollar’s dominance will come to an end soon have proliferated since President Donald Trump launched his trade war,” but it’s not so simple. “Assets in other top economies like China, Japan and Europe still aren’t as attractive as those in the U.S.” while potential rivals also “suffer from governance or political headwinds.” Until another currency surmounts these issues, “global investors are faced with the familiar reality that there is still no alternative to the greenback, which has been the currency of choice for international payments and reserves for decades.”
Tags: Alternative, Assets, Attractive, China, Dollar, Dominance, Europe, Governance, Greenback, Headwinds, International payments, Investors, Japan, Political, Predictions, Rivals, Top economies, Trade war, Trump, U.S.
Bloomberg (July 5)
“Donald Trump’s growing lead in the US presidential race has sparked a rush to identify the key winning trades in global markets. History suggests that Japanese stocks are a good bet.” Some strategists think “the boost from a weak yen will give Japanese shares a leg up, just as funds seek alternatives to Chinese equities in anticipation of a tougher Trump stance toward Beijing.”
Tags: Alternative, Chinese equities, Global markets, Good bet, History, Japanese stocks, Lead, Presidential race, Strategists, Trump, U.S., Weak yen, Winning trades
The Guardian (August 13)
“Forget doom-laden headlines, the dollar has not gone into terminal decline.” In fact, the dollar’s resiliency has been upheld even though “Donald Trump’s administration has done more than any in living memory to disrupt US trade” and has transformed the nation into an unreliable alliance partner. And yet, “the currency’s international role has not diminished significantly.” The simple truth is “there is no alternative. The euro is not an alternative…. Nor is the yuan a viable alternative.”
Tags: Alliance partner, Alternative, Currency, Decline, Diminished, Disrupt, Dollar, Doom, euro, Resiliency, Trade, Trump, U.S., Unreliable, Yuan
Wall Street Journal (October 22)
“Japanese Prime Minister Shinzo Abe won his third consecutive landslide victory on Sunday. That doesn’t mean voters are enamored of the man who is on track to become Japan’s longest-serving leader. Local commentators attribute his victory to TINA, short for ‘there is no alternative,’ and they have a point.”
Tags: Abe, Alternative, Japan, Landslide, Prime minister, TINA, Victory, Voters
