I'm actually not a fan of Dollar Milkshake Theory. 🤷🏻♂️
Discussion
Interesting what do you think is wrong with it?
I just don't think we are headed to such a sharp inflection point. I think a lot of the predictions that point to catastrophic collapse scenarios underrate the importance of path dependence, threshold effects and the self-limiting nature of macro trends.
Now, that doesn't mean low probability tail risks could emerge that would prove my prediction wrong. But I wouldn't bet on them.
Seems to be playing out though, regardless.