Hi Travis!
another point about his quote: “Why should investors and central banks around the world invest in US assets when their value is steadily declining?”
Investors around the world will wait and wait and wait knowing that US assets will always be cheaper to buy tomorrow - so why buy them today. This makes for a self-reinforcing downward spiral in asset prices. Kind of like a steel sailboat that takes in too much water.
Regards,
Lurking’
Hey, watch what you say about steel sailboats.