Its not much numerically, but this is the first time a foreign holder of bonds has publicly announced they no longer have faith in the credit of the United States.
That is a big headline in the financial world. The entire international finance marletnis currently reassessing the stability of the US in a negative light. The only way out from here is down.
When you hear reported [Japan] owns [$x.xx] in US Treasuries, that figure isn’t a monolith. The Japanese government owns some, and Japanese corporations own some, and the Japanese people individually own some, and more. It would have to be a collective effort, and there would realistically need to be a financially sound alternative place for them to safely park their money
That’s an interesting concept in this context. What’s financially sound in a possible WWIII? As far as alternatives, I think it relative. Relative to a sinking ship that will suffer severe divestment from around the world, almost anything, really.
That seems like barely any.
Its not much numerically, but this is the first time a foreign holder of bonds has publicly announced they no longer have faith in the credit of the United States.
That is a big headline in the financial world. The entire international finance marletnis currently reassessing the stability of the US in a negative light. The only way out from here is down.
snowball effect, rollin’ down the mountain…
Dun-nuh-nuh-nuh-nuh-nuh-nuh-nuh- Dun-nuh-nuh-nuh-nun.
Every flood started with a little rain. America is a global pariah. Even American hate America. Just watch…
Now if Japan decided to offload on the other hand…
When you hear reported [Japan] owns [$x.xx] in US Treasuries, that figure isn’t a monolith. The Japanese government owns some, and Japanese corporations own some, and the Japanese people individually own some, and more. It would have to be a collective effort, and there would realistically need to be a financially sound alternative place for them to safely park their money
That’s an interesting concept in this context. What’s financially sound in a possible WWIII? As far as alternatives, I think it relative. Relative to a sinking ship that will suffer severe divestment from around the world, almost anything, really.