David Goldman makes an observation, August 6, that I haven't seen elsewhere:
....We wrote in Asia Times’ Global Risk-Reward Monitor on July 31: “Since 2017, foreign holdings of US Treasuries have risen to $8 trillion from $6 trillion, while foreign holdings of US equities jumped to $15 trillion from $6 trillion. America’s leadership in artificial intelligence and the chip design that supports it is the main attraction of the dollar. If tech stocks lose their luster, the dollar will be vulnerable as well.”....
....MUCH MORE
Our boilerplate mini-bio intro to Mr. Goldman:
...The author of this piece, David Goldman, is Deputy Editor (Business) at Asia Times.
Prior to taking that position he was:
- Global head of credit strategy at Credit Suisse
- Global Head of Fixed Income Research for Bank of America
- Global Head of Fixed Income Research at Cantor Fitzgerald
In addition to apparently not being able to hold onto a job I think one of his requirements for moving on was a "Global Head" title. (JK, young Master. G.)
