Though US $ has nowhere to go but down in the long run, this Ambrose Evans-Pritchard guy is a professional alarmist. He wrote a few weeks back about China dumping $ (“nuclear option”). I expect an orderly devaluation of around 5% per year till net capital inflow starts subsiding. That will probably happen in, may be, 10 to 12 years, after $ is down by about 50%. But it is not next weeks problem.
