I don't think this is the risk. The one thing that is very much with in our control is the trade off between inflation and market "health" (price levels). At t

I don't think this is the risk. The one thing that is very much with in our control is the trade off between inflation and market "health" (price levels). At the end of the day, we can make any prices on the SP or QQQ nominally sustainable, the lever being the value of the dollar, and when faced with an existential threat to markets and to the dollar, we are going to pull that lever every time. All in all, I think the dollar will decline slowly as the rest of the world becomes less interested in holding our debt, not in an own goal melt down.