Decreased Demand in Dollar Nominated Assets → Risk premium ↑ → US interest rate ↑ → Investment ↓ → import demand to US ↓ → Global Economy ↓
Decreased Demand in Dollar Nominated Assets → Dollar value ↓ → US interest rate ↑ → Global Interest rate ↑ → Global Economy ↓
Dollar value ↓ → Unstable Global Financial market → Global Economy ↓
