Express
Former Morgan Stanley Asia Chairman Predicts The Dollar To Crash, Boosting Crypto And Gold
Summary: Former Morgan Stanley Asia Chairman Stephen Roach predicted the U.S. dollar is in for a 35% decline in value, which will cause investments in gold and cryptocurrencies to surge in a recent Bloomberg op-ed. Roach cited pandemic strains, de-globalization and national debt as factors which will play into the plunging price of the dollar. He also ...
Former Morgan Stanley Asia Chairman Stephen Roach predicted the U.S. dollar is in for a 35% decline in value, which will cause investments in gold and cryptocurrencies to surge in a recent Bloomberg op-ed.
Roach cited pandemic strains, de-globalization and national debt as factors which will play into the plunging price of the dollar.
He also wrote that cryptocurrencies and gold will likely benefit from dollar weakness, however noted that these markets are too small to absorb major changes in foreign-exchange markets.
By Emily Mason
Tags: Morgan Stanley,Safe Haven
Link: Former Morgan Stanley Asia Chairman Predicts The Dollar To Crash, Boosting Crypto And Gold [Copy]
