There may yet be a soft landing, whether slow or fast: during the last major dollar cycle, between 1985 and 1987, the dollar fell by 40% without ever causing panic, major bankruptcies, or a demand by investors for a substantial dollar risk premium to compensate them for holding assets denominated in a declining currency.
L'atterrissage pourrait encore s'effectuer en douceur : pendant le dernier grand cycle, entre 1985 et 1987, le dollar avait perdu 40 % sans panique, ni faillite majeure, ni prime de risque importante demandée par les investisseurs.