A non-trivial part of these post Trump fiscal announcements around the world is that capital exporters are effectively going to need their money back. Thats meaningful when US NIIP position is 80% of GDP.

Sweet, @jturek18.bsky.social on Odd Lots: open.spotify.com/episode/5miC...

Good time to revisit @jturek18.bsky.social’s “The Dollar’s Imperial Circle” with USD ripping www.newyorkfed.org/medialibrary...