Indeed, I’m feeling lazy and need a non-ai translator please… ?

Economists at JP Morgan, the largest US bank by assets, published a research paper on de-dollarization in 2023.

In reference to the global economy as a whole, they concluded that, “while marginal de-dollarization is expected, rapid de-dollarization is not on the cards”.

However, they argued that, “Instead, partial de-dollarization — in which the renminbi assumes some of the current functions of the dollar among non-aligned countries and China’s trading partners — is more plausible, especially against a backdrop of strategic competition”.

The JP Morgan economists added, “This could over time give rise to regionalism, creating distinct economic and financial spheres of influence in which different currencies and markets assume central roles”.

This seems inline with the Chinese leadership game of influence, as well as the clown show that the US has become. Even with the interest still there from the US standpoint two decades of GWT, the lack of prioritize spending on following our so called values, the very high debt to GDP ratio we are running, the lack of real legislative ability, plus other challenges, all make the fundamentals seem less fundamental. Although China very much has it’s own issues such as an excess of manufacturing, a housing bubble, and a very steep demographic bubble. So their fundamentals are seemingly similar in question, but they have a marked ability to pivot quickly and do seem to be using their status as the 2nd largest economic to garner the same level of influence.

Whether either has staying power of economics and global influence for the next 50 years is a very interesting question.

I certainly don’t count the US out yet, but even if the election settles things down, there is some real work to do which has little to do with the current hotly discussed policy topics. I’d be curious about your opinions?

So don’t bring your submarines into the area. Brilliant!

While I agree with the sentiment, I have accepted that the simple way to make “things” work now is to leverage the cheap computing that is ubiquitous. That headunit is likely now built on a SoC or some embedded OS and is easier and cheaper because of it.

Functionally we need regulations and safeguards in place that maintain the accountability for making the choice to use and build an OS as a life safety device that also serves Bluetooth audio. If the cost of supporting it, or failing to properly develop it, then perhaps the choice to make it dumb will become more adopted. Other economic forces are more likely to play out, but it’s a possibility that we can reinforce by what we buy and signal.