The Dollar Milkshake isn't a meme. It is a crisis framework for what happens when rates rise in a world swimming in dollar debt. “The Dollar Milkshake theory was really a framework for how I thought a sovereign debt crisis would affect markets and asset classes. The prediction was that interest rates would rise, that would cause the US dollar to rise, because the whole world has so much U.S. dollar debt that would cause a lot of volatility. Ultimately, you would see U.S. assets outperform the rest of the world because on a relative basis, it still had the best market structure" - Brent Johnson ( @SantiagoAuFund )