India ties up with UAE to settle trade in rupees
India ties up with UAE to settle trade in rupees
ca.sports.yahoo.com
India ties up with UAE to settle trade in rupees
10 comments
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Ironically, the efforts to fight inflation are actually driving dedollarization by making it more painful to borrow dollars.
Then, because global demand for dollars falls due to dedollarization, inflation necessitates continued tight monetary policy.
Not looking good for the US.
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Yeah, it's fascinating to watch the feedback loops nobody anticipated come into play. The speed at which the world is dedollariziing is absolutely astonishing. And I expect that dedollarization will continue to become easier the more countries do it because all the networks for alternative trade will be in place making it easier for other countries to follow suit.
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Inflation, surprisingly, has slowed down recently. I definitely expected it to continue at an elevated rate forever as dedollarization accelerated. It might just be a false plateau before something else causes inflation to spike again, but if not then this hypothesis (dedollarization is driving inflation) might not be sound.
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tH1ISS Isz n0T7Tt DeDO0LLla4r1ZasitIónnN!1!1!11
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the copes are getting more and more desperate :)
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10 comments
Link is celebrating by flying to the clouds.