While there where several headlines about the increasing US – China tensions covering military and diplomatic developments, Brazil`s President Luiz Inacio Lula da Silva has certainly made the most suprising one, by taking a very Russia-friendly stance last week, as well as suggesting that it might be time to replace the dollar as the leading trade currency a few days before. Read the whole story from REUTERS: click here
A very good podcast covering the latter topic has been published by Alfonso Peccatiello/The Macro Compass, named „The DE-Dollarization Fairytale“, which can be found on substack.com
