Why does the world want dollars? Because of high interest rates, thriving economy in U.S.
by @Marketplace
@Marketplace— Compared to the Japanese yen, the dollar has strengthened by almost 16% this year. Japan and South Korea aren’t happy about the currency gap.
CNBC—IMF chief warns of emerging market risk with high U.S. interest rates. The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic.
Honolulu Star-Advertiser—A strong U.S. dollar weighs on the world. Every major currency in the world has fallen against the U.S. dollar this year, an unusually broad shift with the potential for serious consequences across the global economy.
RussiaFeed—Biden Brags About U.S. Economy, Which Has Low Growth-Rate. Eric Zuesse (blogs at https://theduran.com/author/eric-zuesse/) “One of the reasons why our economy is growing is because of you and many others. Why? Because we welcome immigrants. We look to — the reason — look, think about it. Why is China stalling so badly economically? Why is Japan having trouble? Why is Russia? Why is India? […]