The dismal decade (Part 2: Adversarial monetary policies) Phuah Eng Chye (27 January 2024) Throughout its hegemonic reign, the USD faced off currency challengers such as sterling, yen and euro which were unable to maintain their economic rankings. With the rise of China, for the first time the US faces a challenger with a population … “The dismal decade (Part 2: Adversarial monetary policies)”
Tag: global monetary order
The dismal decade (Part 1: De-dollarisation and currency landscape in 2030)
The dismal decade (Part 1: De-dollarisation and currency landscape in 2030) Phuah Eng Chye (9 December 2023) I will be concluding my blog series soon and the remaining articles will summarise my views on key economic challenges for this decade. This decade is already proving epochal: The US-China decoupling, the end of the Goldilocks economic … “The dismal decade (Part 1: De-dollarisation and currency landscape in 2030)”
The Great Economic War (GEW) (Part 7: Global depression and deglobalisation)
The Great Economic War (GEW) (Part 7: Global depression and deglobalisation) Phuah Eng Chye (22 October 2022) The global economy is exiting a globalised, free market, QE-driven and low-risk environment labelled as the Goldilocks economy. It is entering a new paradigm which is deglobalising, state- and QT-driven and high-risk environment. In the new paradigm, the … “The Great Economic War (GEW) (Part 7: Global depression and deglobalisation)”
The Great Economic War (GEW) (Part 6: Geopolitics, monetary policy challenges and the collapsing tripod)
The Great Economic War (GEW) (Part 6: Geopolitics, monetary policy challenges and the collapsing tripod) Phuah Eng Chye (8 October 2022) Events are moving quickly; from an environment of relative calm to one of extreme stress. A global volatility blow-out is exposing the vulnerabilities of financial intermediaries, investors and businesses that relied on leverage to … “The Great Economic War (GEW) (Part 6: Geopolitics, monetary policy challenges and the collapsing tripod)”
The Great Economic War (GEW) (Part 5: Global economic breakdown and monetary disorder)
The Great Economic War (GEW) (Part 5: Global economic breakdown and monetary disorder) Phuah Eng Chye (24 September 2022) Tumultuous events act as watershed to mark the ending of an era and the beginning of another. The end of World War 2 was followed by the Cold War between the West and Communist spheres. In … “The Great Economic War (GEW) (Part 5: Global economic breakdown and monetary disorder)”
The Great Economic War (GEW) (Part 4: Battles reshaping the global monetary order)
The Great Economic War (GEW) (Part 4: Battles reshaping the global monetary order) Phuah Eng Chye (10 September 2022) The global monetary order underpinned by USD hegemony has held up remarkably well over many decades. Despite recurring financial and currency crises, USD hegemony provided the unity, efficiency and stability to drive globalisation. A key feature … “The Great Economic War (GEW) (Part 4: Battles reshaping the global monetary order)”