I need to hit the ATM at lunch, no joke.... this is not good...
Will China bail the west again should push come to shove, though?
Maybe they will not bail them and little Biden will throw a tantrum ? Biden will ask Europe to bail the US, when you bleed them why not doing it until they are dry ?
Everything has a price. I wouldn't like it. And I'm not going to say it's impossible. But even in that hypothetical scenario, I imagine they would extract an extremely large pound of flesh in exchange for it. They haven't had enough time to extricate themselves from USD assets yet. Instead of providing excess liquidity, I am thinking only 50% of the shortfall, and in exchange for unlimited access to EUV, complete withdrawal of all sanctions on all Chinese companies and individuals, etc. the list should be endless.
Guaranteed that would happen in this scenario. The key condition is to make sure the EUVs are in China and all major sanctioned Chinese corporates get the majority backlog of what they need before any liquidity support begins. Even then, I would expect the CIA and NSA to have sabotage in mind for the EUVs. Bombs, bugs, etc. They would all need to be shipped to the Chinese government first and undergo thorough examination before they forward it to the companies (and before any liquidity support begins).