Think this (outsized returns since ~2012) helps account for another phenomenon, how USA has become cynosure for Natoland & anglosphere attention & object of ever greater fascination even as it visibly rots. USA accounts for 40% of Australian holdings abroad
Adam Tooze
Adam Tooze20.7. klo 23.36
Dollar trap or empire by invitation? The global political economy of the dollar system. Got stuck in Chengdu airport today thanks to the typhoon in HK, copped some WIFI, fired up VPN & put together some thoughts about a convo with @EswarSPrasad at Tianjin
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