'Nobody will trust a US treaty again,' and Japan's yen is now the new safe haven currency, strategist says [View all]
Quantum Strategy's David Roche said "NATO is dead" as the US distances itself from European allies and warms up to Russia. That makes Vladimir Putin and Xi Jinping the big winners and the US the "big loser," he added, with Japan's yen displacing the dollar as the world's safe haven currency.
An American promise is looking more doubtful as the US upends traditional geopolitics, with repercussions in global financial markets, according to Quantum Strategy's David Roche.
In an interview with CNBC on Tuesday, he declared that "NATO is dead," with President Donald Trump distancing the US from long-time European allies and warming up to the Kremlin, which was underscored by his recent shouting match with Ukrainian President Volodymr Zelensky.
That makes Russia's Vladimir Putin and China's Xi Jinping the big winners, as they see confirmation of their views that democratic powers are on the decline, Roche explained.
https://finance.yahoo.com/news/bond-market-pricing-trump-recession-205139686.html
Heckuva job Donny
= new reply since forum marked as read