>Basket case economies are reflected in bond yields. The US pays little to borrow money because it is a safe haven.
Or because it uses its huge military might to make sure it is so.
Or because it uses its huge military might to make sure it is so.
Of course. The market only cares for the bottom end.
I'm saying it though for those pretending the market is some victimless activity, that's not about power at all, etc, and "hard working people" (and countries) prevail.
The USD enjoys an unfair competitive advantage over its peers and this distorts the financial markets immensely and more importantly the balance of power in international relations esp. in times of political crises and military conflicts.