Paper backing ggm's take:

https://www.hudsonbaycapital.com/documents/FG/hudsonbay/rese...

https://www.reuters.com/markets/us/markets-wrestle-with-trum...

>In a November paper, economist Stephen Miran, whom Trump has picked to chair his Council of Economic Advisors, raised the possibility that Trump could use the threat of tariffs and the lure of U.S. security support to persuade foreign governments to swap their Treasury holdings for lower-cost century bonds.

Via

https://news.ycombinator.com/item?id=43350553 https://news.ycombinator.com/item?id=43561808

Just so pple get the credit (even if they appear to be not so sane)