I think foreign investors are most sensitive to anything that might affect confidence in the dollar. Rather than risk the double whammy of a falling stock market and a crash in the exchange value of the dollar, they might be tempted to sell dollar denominated assets and buy other currencies such as the pound Sterling.That means lots of chaos for US consumers. Maybe not immediately, but very soon the price of anything imported will go sky high. This sounds like serious inflation to me.So lets hope that all this gets settled without major concerns about confidence in the US dollar.
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