The Great US Asset Unwind

Updating The Dollar's Worst Case Scenario

Today:

The DB FX head George Sarevelos, often cited guru at ZH on FX matters, augments previous points cataloged in this space

Previously for context:

April 4th morning as Tariffs started to hit up, we sent THE WORST CASE SCENARIO¹, tapping into a changing zeitgeist among analysts.

April 9th, Saravelos put out a comprehensive piece broken down in The Worst Case Scenario is Here

April 22nd a breakdown of a CA piece by Valentin Giust was published using a different lens on the same topic (USD demise= Austerity) posted under Analysis: Austerity Will Follow on ZH

Now:

Below is a small but very important summary of his latest update