The dollar’s decline is overstated — but still real
'/> </pattern> </defs> <rect width='1200' height='675' fill='url(%23g)'/> <rect width='1200' height='675' fill='url(%23dots)'/> <rect x='60' y='210' width='6' height='80' fill='%23f5a524'/> <text x='90' y='268' font-size='15' font-weight='900' letter-spacing='5' fill='%23f5a524'>WORLD</text> <g font-family='Inter, Arial, sans-serif'> <text x='60' y='320' font-size='44' font-weight='800' fill='rgba(255,255,255,0.97)' letter-spacing='-0.5'>The dollar’s decline is overstated —</text><text x='60' y='376' font-size='44' font-weight='800' fill='rgba(255,255,255,0.97)' letter-spacing='-0.5'>but still real</text> <text x='60' y='620' font-size='14' font-weight='700' letter-spacing='3' fill='rgba(255,255,255,0.7)'>FINANCIAL TIMES WORLD · NEWSEZE</text> </g> </svg>)
The most reliable measure of dollar dominance is probably the loans and other dollar obligations created outside US
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