The US$ ponzi scheme probably has a long way to go before collapse ( famous last words? ).“Trump can't seem to take a trick right now.”. That’s an interesting turn of phrase for the current situation.
With trade cratering we have nervous bond markets and historians looking for historic precedents that might hint at the economic future. For all intents and purposes, the US is finished (that’s a different discussion for a different forum) - my concern right now is the U.S dollar cratering hard and fast affecting our (USD-demonimated) buy-out
In times of financial turmoil, US$ usually strengthens.
Agree though, US is cooked.