- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
This seems like the first step of what will eventually lead to hyper inflation.
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They are right to do so. But also, this is a market measured in trillions
The fact that someone stood up and said “we do not trust the honor of the US to fulfill a debt” is important. We’ll see how much of an impact that actually has, but my kneejerk reaction is that it was meaningful.
my kneejerk reaction
:-/
The global market will pounce on $100M in underpriced Treasuries.
A better question is what the Danes plan to replace the reserves with. Now would be a cool time to roll out EuroBonds.
Now you are dong something they will notice. The number needs to be much higher.
Danish pension operator AkademikerPension said it is exiting U.S. Treasurys because of finance concerns as Denmark spars with President Donald Trump over his threats to take over Greenland.
Oooof. They no longer trust the US government to be a safe or friendly place to keep their money.
Let the ripple effect begin!
That’s what this is, a shot across the bow. 100mm is nothing
Wouldn’t surprise me if the Norwegian pension fund is looking into the same. They do, however, work slow. We’ll see if spamming Jonas Gahr Støre continues.
