And then China will crash the bond market.
And then China will crash the bond market.
Let's keep our fingers 🤞 crossed for that one. Even if every country cashed in a bunch. How would that effect the US economy.
It would devalue the US dollar, push US interest rates up. As I understand it, it was China and other countries selling off lots of bonds and not the crash of the US stock market, that caused Trump to fold on tariffs last time.
Not good for the worldwide economy, but China's government would have little trouble surviving.
True enough.
That was my impression as well. Maybe that is what The PM told him. Fuck with us and we sell. LOL It's time for our dollar to be worth more than the US again.