I'm not supporting or attacking the dollar milkshake theory but I don't think this contradicts it. I think the theory would say that this will counterintuitive

I'm not supporting or attacking the dollar milkshake theory but I don't think this contradicts it. I think the theory would say that this will counterintuitively result in an eventual huge dollar spike as new dollar demand but also liquidity dry up while existing demand from existing USD loans stay constant. I think it's too early to tell. I don't believe in his USD superspike but I do think the underlying dynamic is real and this will not result in the dollar being substantially lower in the let's say 1-3 year time frame (ie DXY < 90)