We fret about our bonds, and the Chinese dumping them. But most US debt instruments are actually held by US citizens and US institutions. And people the world over want to buy US bonds and notes, because those are the safest investment in the world. If the Chinese dumped all their US debt quickly, it might depress the price. The people and institutions that bought it on the way down would be very happy within a few months, having acquired a discounted high-quality investment at the expense of China!

Don't forget, for every seller, there is a buyer who thinks they are getting a deal. The best deals are had when a seller is selling for some reason besides thinking the asset has reached maximum price.

We're flying electric helicopters on Mars yet you can't turn on your clothes dryer in Texas. That's because scientists are in charge of Mars, and Republicans are in charge of Texas.