In neither scenario does it make sense to hold huge amounts of dollar-denominated assets today. Therefore, foreign speculators should, any day now, dump their dollar-denominated assets onto the market, and so bring about the dollar decline that they so fear.
因此，美元计价的资产持有人应该预计到两种可能的情景。一种情景是，美元价值降低；另一种是，美国出现萧条。无论出现哪种情况，现在再持有大量美元计价的资产都没多大意义。因此，外国投机者在任何时候都应当将其美元计价的资产向市场倾销，而这样一来就会出现他们所害怕的美元贬值。