Yes the only thing propping up the USD is the AI bubble. A lot of it is held by non US investors who, in the event of a market crash, would sell dollars to repatriate back home, sending the dollar tanking, which would encourage foreign holders of US Treasuries like Japan to dump them as well. This would force up bond yields and create a US debt crisis.
I believe the implosion of the AI bubble will essentially torpedo the only thing still supporting the US economy?
Or, after a nasty hangover, it’ll free up capital and people that can be put to more socially productive uses.
Yes the only thing propping up the USD is the AI bubble. A lot of it is held by non US investors who, in the event of a market crash, would sell dollars to repatriate back home, sending the dollar tanking, which would encourage foreign holders of US Treasuries like Japan to dump them as well. This would force up bond yields and create a US debt crisis.
About time finally