eventually, the carry will unwind and debt needs to be refinanced more QE-like measures will be taken, but eventually it won't be enough to prevent deleveraging/burst. this means defaults, margin calls, etc. the latter will likely be addressed by another form of QE

Illya Gerasymchuk 2025-08-20 20:36

in conjunction, this creates an upward pressure in the global liquidity for the near future of course, this also builds up on leverage in the form of market-wide carry trades, and duration mismatching in the form of rolling over of debt by the Treasury