Yale’s Roach Sees ‘Early Stages of the Dollar’s Decline’

The video discusses the dynamics of balance sheets during a crisis, focusing on the US net national savings rate and its impact on the US dollar and current account deficit. It highlights the bearish outlook on the US dollar due to budget deficits and increased household savings. The discussion also covers the euro's strength, driven by new European fiscal policies and bond issuance, marking a significant step for the European Monetary Union.

Discuss the significance of the breakthrough on PAN European fiscal policy.

What does the text suggest about the conditions of the European Monetary Union?