source https://www.ft.com/content/95a77bb1-10c5-4dbc-ad8c-213c17131332

> as long as there is a bid on US assets

I think it actually needs to be a bid on US govt debt in particular, which begs the question of “how financially irresponsible can the US govt be before that bid disappears?” A limit _does_ exist, just a question of where it is. Current fiscal path is unsustainable

the U.S. finances growth globally. the decrease in value is just a result of that and i think will always be the case. 

as long as there is a bid on U.S assets, the offset is enough to maintain a steady decline without a catastrophic collapse.