Its obvious that interest rates no longer are a gauge of relative risk of an investment. I see what we are headed to is not a bubble but a crater...
The question, as always, is relative to what? Price of the USD is always relative. Is it going to be stronger vs the Euro?
Long term - I agree this is profoundly negative for the USD. I’m in USD so I am concerned about this. However -
I believe the USD is cheap vs other currencies which are at historic highs vs the dollar. Selling the high flying currencies to buy USD loses me exactly nothing. Is default going to come at 120 percent? At 220 percent? At what point is hyperinflation going to bite?