Dollar Faces Growing Challenges
Recently, Griffin, founder of Citadel, noted that the US dollar has seen a decline in investor confidence over the past year. He pointed out that the global economic landscape is shifting, and the dollar's dominance is no longer as secure as before.
Urgent Need for Policy Adjustment
Griffin emphasized that the massive spending during the pandemic has significantly increased the US fiscal burden. He argued that current fiscal policies are unsustainable and called on policymakers to adopt more prudent measures, including cutting unnecessary expenditures and optimizing tax structures.
New Era in Global Markets
- Dollar losing some appeal
- Investors diversifying assets
- Emerging market currencies rising
Griffin believes the global financial system is entering a new phase, where competition among currencies will intensify. Without timely adjustments, the dollar may continue to lose its competitive edge.