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Yes, that's about the deepest analysis I've been able to find beyond "gosh this is bad" (that much is evident and is not analysis), and given how much I like Am
by hirsin 10y ago
Yes, that's about the deepest analysis I've been able to find beyond "gosh this is bad" (that much is evident and is not analysis), and given how much I like Amicus it's no surprise this is from Slate.
I'm really looking for writing on concrete likely outcomes rather than conjecture, but that's hard to find. It seems the immediate result, given the law can only target domestic holdings, will be governments withdrawing as much as they can from US investments.
- jrs235 10y agoI imagine, under possible threat of interest being withheld or redemption not occurring, Saudi Arabia will try to dump as many Treasury bonds as it can and look to eliminate the petro dollar... sounds like thrashing the US dollar could happen and soon (before any lawsuits go through).