Deregulation Swings the Pendulum Toward Financial Crash

[Mike 03]

1. Cheerful discussion on Bloomberg radio this morning

One segment was devoted to the possibility of the Euro replacing the Dollar as the world's reserve currency. It was framed as a "long-term project" and, yes, it's still difficult for most people to think of this idea as serious. But Europe is at an interesting economic crossroads where they are recognizing their power (finally) and contemplating the possibility they may have to fill the void left by "American exceptionalism" as it circles the drain under our current leadership.

EDIT: The use of "cheerful" there was meant sarcastically.