Not GP, but this is an informative piece: https://amp.ft.com/content/f3ee37e0-b086-11ea-a4b6-31f1eedf762e?__twitter_impression=true https://amp.ft.com/content/f

Not GP, but this is an informative piece: https://amp.ft.com/content/f3ee37e0-b086-11ea-a4b6-31f1eedf762e?__twitter_impression=true https://amp.ft.com/content/f3ee37e0-b086-11ea-a4b6-31f1eedf7... Specifically on major data points, FT writes “if foreigners want to hold American liquid assets in vast amounts, the US must run a huge external deficit, unless its private sector wishes to load itself up with riskier foreign assets on a comparable scale“ which doesn’t seem very sustainable in longer term. (We’re operating in the current system effectively since 1971.) (The piece further mentions the possibility of the current system “destroying the open world economy” which does indeed seem a bit gloomy.) (It doesn’t look very good for Euro either: https://www.bloomberg.com/amp/news/articles/2020-06-22/ecb-looks-to-defuse-german-legal-timebomb-threatening-stimulus?sref=61mHmpU4&__twitter_impression=true https://www.bloomberg.com/amp/news/articles/2020-06-22/ecb-l... )