The Economist-经济学人2025.04.19期下载电子版PDF网盘杂志订阅

本周我们刊登了一篇全球封面文章，概述了美元危机的风险。我们的任务是拨开市场喧嚣，清晰地传达我们的信息。我们最终选择了两种可能的方式：幽默和警示。几十年来，美国资产一直是全球金融的基石。美元主导着贸易；美国国债一直是避风港；美联储、财政部和法院一直鼓励投资者（包括外国人）相信他们的资金在美国受到欢迎，而且安全可靠。即便美国国债收益率上升，美元却一直在下跌。投资者开始怀疑他们对美国的信心是否落空了。
We had one worldwide cover this week, sketching out the risks of a dollar crisis. Our task was to cut through the market hubbub to make our message clear. We settled on two possible approaches, humour and alarm.For decades American assets have been the bedrock of global finance. The dollar dominates trade; Treasuries have been a haven; and the Federal Reserve, the Treasury and the courts have encouraged investors—including foreigners—to believe that their money is welcome in America, and safe there, too.The dollar has been falling even as Treasury yields have risen. Investors are beginning to wonder whether their faith in America is misplaced.