Sunflier@lemmy.world to World News@lemmy.worldEnglish · 7 hours agoDanish pension fund to sell $100 million in Treasurys, citing ‘poor’ U.S. government financeswww.cnbc.comexternal-linkmessage-square27fedilinkarrow-up1302arrow-down10file-textcross-posted to: news@lemmy.world
arrow-up1302arrow-down1external-linkDanish pension fund to sell $100 million in Treasurys, citing ‘poor’ U.S. government financeswww.cnbc.comSunflier@lemmy.world to World News@lemmy.worldEnglish · 7 hours agomessage-square27fedilinkfile-textcross-posted to: news@lemmy.world
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up5arrow-down2·edit-25 hours ago 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. That said… Schelde chiefly cited the ballooning debt bill facing the U.S. after decades of government overspending. This is, has, and will continue to be a dumb reason to sell US Treasuries. The Bond Vigilantes always lose their shirts in the end.
minus-squarenaught101@lemmy.worldlinkfedilinkEnglisharrow-up6·4 hours agoDo you assume that a collapse of the US economy is impossible?
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down2·4 hours agoIt’s highly unlikely under current conditions
minus-squarenaught101@lemmy.worldlinkfedilinkEnglisharrow-up1·3 hours agoWhat conditions would be needed to make it likely?
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up1·3 hours agoQuite a few. But, just for starters, you’d need the Federal Reserve to turn off the unlimited money spigot.
minus-squarenaught101@lemmy.worldlinkfedilinkEnglisharrow-up1·33 minutes agoI don’t think that needs to happen, if you get into a hyperinflation situation, right? And Trump and co have been doing a lot to destroy the underlying productivity of the us economy over the last year.
:-/
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.
That said…
This is, has, and will continue to be a dumb reason to sell US Treasuries. The Bond Vigilantes always lose their shirts in the end.
Do you assume that a collapse of the US economy is impossible?
It’s highly unlikely under current conditions
What conditions would be needed to make it likely?
Quite a few. But, just for starters, you’d need the Federal Reserve to turn off the unlimited money spigot.
I don’t think that needs to happen, if you get into a hyperinflation situation, right? And Trump and co have been doing a lot to destroy the underlying productivity of the us economy over the last year.