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Here’s the playbook if the rest of the world breaks free from the U.S. dollar, says Credit Suisse’s monetary plumbing guru
It’s pretty well accepted that no one knows as much about the plumbing of the world’s financial system as Zoltan Pozsar, global head of short-term interest-rate strategy at Credit Suisse, who was the point person on market developments for senior U.S. officials during the 2008 global financial crisis and has mapped out the shadow banking system. The mechanics of the financial system are the type of thing you don’t really have to think about, until you do, when there’s a breakdown.
The issue is, it’s been breaking a lot — by…