Dan Walker

In Search of the Next Reserve Currency

I agree with your fundamental premise that this should happen, but with the dollar out in front of the low rate brigade and the incessant insistence for the euro zone, britian and the yuan to 'drop rates fast to keep up', how to extinguish the carry trade? This is my quandary and with a grudging nod to Phillip Davis, we do "suck less" in the current timeframe. Who could propose to take up the torch?