> I haven’t viewed default as a real risk beyond some true craziness happening like the U.S. willfully deciding to default on a payment. Well there are many wa

> I haven’t viewed default as a real risk beyond some true craziness happening like the U.S. willfully deciding to default on a payment. Well there are many ways to default, and many shades of default. I can very well see the current administration argue that China, for whatever reason, owes the US, and thus should be compensated by confiscating bonds.