Milton Ezrati

Senior Economist and Market Strategist for Lord, Abbett & Co, The National Interest

Milton Ezrati is Senior Economist and Market Strategist for Lord, Abbett & Co. as well as an associate of the Center for the Study of Human Capital at the State University of New York at Buffalo. He writes frequently on economies and finance and is just completing a book on demographics and globalization.

Articles by Milton Ezrati

It was always a ridiculous contention, and it seems even less reasonable now. Not even a year ago, consensus thinking saw China's yuan on the verge of replacing the dollar as the world's premier reserve currency. Now the flood of funds out of China, and the yuan's declining value, have stifled all such talk and even such thinking. No doubt circumstances will continue along current lines for a while to come. Still, today's negative attitudes are setting the stage for a rebirth of pro-yuan speculation, perhaps pretty soon. It will be wrong again.