Why Being the King of Currencies has its Pitfalls

U.S. Dollar’s Dominance Seen Compounding Global Debt Problem

The biggest-ever burden of peacetime debt worldwide, paired with the U.S. dollar’s sustained role as the dominant currency, is raising concern about what will happen when interest rates finally rise.  Mike Dolan explains that the main problem is that the dollar denominates that debt pile.

To read the full article in Reuters, click: Why Being the King of Currencies has its Pitfalls.