3 ms·
You are reliant on the kindness of strangers to fund your government spending.
by fritzorino 9mo ago
You are reliant on the kindness of strangers to fund your government spending.
- carlosjobim 9mo agoThat's true for all governments who issue treasuries. For the US it's the kindness of the Japanese, the Chinese and the British. But mostly their own kindness.
- disgruntledphd2 9mo agoNote that lots of the Treasury holdings are mostly hedge fund related, so it's not as clear who holds the longer-term paper (hopefully someone who knows more than me will jump in at this point and provide data).
- youngtaff 9mo agoAnd Europe too – around $8 trillion in US treasury bills is held by Europe
- dpc050505 9mo agoIt's not kindness, it's interest. Those rates are about to go up up up.