It's not without its benefits -- over the last couple decade, the US has found ways to weaponize access to USD, so if you're not a fan of having a country other than your own able to effectively regulate or sanction you and your business, there's some niceties here.

Being able to trade and invest in a stable, highly liquid, easily converted, low risk currency was a net win for most of the world for about half a century. There isn't an obvious replacement, so we'll just see more friction.

"Badly" is used to modify participial adjectives ("written", "organized"), not plain property adjectives like "unappetizing".

But seeing Wolf Street on HN brightened my day.

The question as always is what to replace it with, and hopefully not something worse.

1. print money

2. suppress wages by shipping in cheap labor

3. reassure the population you arent doing the above

But the idea that you look at that graph as say it's "unappetizing" is dumb. Most foreign governments besides China have INCREASED their UST holdings. The only reason why the % is dropping is because of the massive amount bought by the Fed which messed up the %.

Edit: so much hate for something so benign.