Economics

no object take on tariffs and trump admin beyond as predicted seems like constant fumbling

but unprovable meta take: seems like the economy / US debt / perceived global power were all fake and due for a reset

(un)intentionally bringing it about ourselves is probably less painful than running into an external breaking point

1. The US dollar is the world's primary reserve currency. We get significant economic advantages regardless of debt levels. We can literally spend our way out of global crises like we did in 2008. Can’t do that if no one uses our dollar as trade base.

2. US debt is primarily denominated in our own currency and supported by the world's largest economy. If US debt is *not* backed by the largest economy, who will buy it? Yields will plummet.

3. Economic "resets" typically don't happen by design but through crisis, often with far more severe consequences beyond this controlled policy change produces.

4. Idk what to say about self-inflicted economic pain lol. Why would we self-inflict?

Wondering how China issuing dollar bonds factors in:

Wondering how China issuing dollar bonds factors in: https://www.newsweek.com/china-news-weaken-us-dollar-bonds-1989924

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This is par for course, but good line of thinking. China did this a decade ago (currency manipulation) because it doesn’t let their currency float the exchange rate.