Yes, but this doesn’t go far enough. The entire world no longer benefits from a strong US. As an unreliable business partner and security partner, everyone should be coordinating the disuse of American tech, abandoning dollars and disposing of debt.
Its all unbacked liabilities now. Market makers can make the numbers go up for a time to incentivise the greedy, needy and stupid, but if there has ever been a clear case of a sinking ship, it’s the US. No one is free to do business anymore. This means that US tainted assets will tank and anyone left holding the bag will be sorry. Pension funds especially. The risk vs return equation just put a singularity on the risk side. No one can afford to do business under these circumstances. Radical market interventionism breaks investment, productivity and returns.
Get out while you still can. Don’t be the last one left holding the bag.
The entire world no longer benefits from a strong US
Never did. We tolerate the US because of their large rich population of mindless consumers, no brand would be crazy to not pander to this market, and no executive politician would want to disrupt trade. But that’s it, “the world” never truly liked the US.
Agreed. What makes you think the world at large benefited from a “strong” USA as quoted? We didn’t. We benefited, as in extracted value from, a rich USA buying goods.
Yes, but this doesn’t go far enough. The entire world no longer benefits from a strong US. As an unreliable business partner and security partner, everyone should be coordinating the disuse of American tech, abandoning dollars and disposing of debt.
Its all unbacked liabilities now. Market makers can make the numbers go up for a time to incentivise the greedy, needy and stupid, but if there has ever been a clear case of a sinking ship, it’s the US. No one is free to do business anymore. This means that US tainted assets will tank and anyone left holding the bag will be sorry. Pension funds especially. The risk vs return equation just put a singularity on the risk side. No one can afford to do business under these circumstances. Radical market interventionism breaks investment, productivity and returns.
Get out while you still can. Don’t be the last one left holding the bag.
Never did. We tolerate the US because of their large rich population of mindless consumers, no brand would be crazy to not pander to this market, and no executive politician would want to disrupt trade. But that’s it, “the world” never truly liked the US.
“liked” and “benefits from” are two almost completely unrelated things.
Agreed. What makes you think the world at large benefited from a “strong” USA as quoted? We didn’t. We benefited, as in extracted value from, a rich USA buying goods.
All true, but the rules based order did create a period of relative peace and prosperity.