A couple of weeks ago, I commented on the end of dollar hegemony. Many of you doubtless thought I was smoking crack.
On a recent visit to the New York area, I got to spend time with my cousin, who works in a Manhattan based hedge fund. Ignorant of the wide variety of cuisine the area has to offer, I asked her to pick the place so her family and ended up at a restaurant that calls itself ‘The Rupee Room.’ (This is excellent, by the way.)
When New York hedge fund managers take you to The Rupee Room, you can make book on it that dollar hegemony is toast.