3 ms·
That is presuming private ownership effects won't be big. And they will be. China owns more corporate debt in the US than anywhere else and it is a high percent
by AstralStorm 7y ago
That is presuming private ownership effects won't be big. And they will be. China owns more corporate debt in the US than anywhere else and it is a high percentage.
- mobilefriendly 7y agoNot necessarily. If the Chinese yuan is devaluing, Chinese investors want very much to hold US dollar denominated debt.
- AstralStorm 7y agoYes, and so they would want to hold the federal debt. And also find ways to increase it. The GP post relates to China selling the debt to disentangle from USD.
- formercoder 7y agoLuckily there is massive domestic demand for US corporate debt.