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On the other hand, China sold off most of theirs and nobody even noticed. I think you're exaggerating both how much EU holds and the potential effects of them s
by TurdF3rguson 9mo ago
On the other hand, China sold off most of theirs and nobody even noticed. I think you're exaggerating both how much EU holds and the potential effects of them selling it.
- someNameIG 9mo agoDeutsche Bank made a statement recently that Europe holds about double what the rest of the world does combined in US bonds and equity.
- TurdF3rguson 9mo agoSure but we were talking about just debt. Also the "rest of the world" is basically just China. I don't think it's a shocker that China isn't interested in betting on US companies.
- rsynnott 9mo agoNah, China only holds about 600bn these days. Besides European sovereign holdings, most of the rest would be non-sovereign.
- TurdF3rguson 9mo agoYup, that's my point. They sold off lots of debt and nobody noticed so EU doing the same won't matter.
- drysine 9mo ago>and nobody noticed You didn't notice. Look at the interest rate chart[1] [1] https://fiscaldata.treasury.gov/interest-expense-avg-interest-rates/ https://fiscaldata.treasury.gov/interest-expense-avg-interes...
- youngtaff 9mo agoEurope holds $8 trillion out of 38 trillion… they can move the market
- youngtaff 9mo agoChina sold off their holdings pretty slowly as they didn’t want to drive the price down