Steve Randy Waldman on Mythryl: “if US equities flag and foreign holders race to exit and redeem for…”

if US equities flag and foreign holders race to exit and redeem for home currency, it’s the mother of all financial crises. US private finance balance sheets and sovereign capacity would be hollowed simultaneously, losses and defaults would spread everywhere. but trust the market i guess.

Karl Schamotta@karl-schamotta.bsky.social

Equity—not debt—holdings have come to dominate rest-of-world exposures to the US, suggesting that the 'dollar smile' could have a truncated aspect during the next selloff:

15/10/26, 4:41 am1 repost5 likes

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