3 ms·
It’s the symbolism more than direct financial impact. You get 100 moves like this and it starts to become real money.
by brookst 9mo ago
It’s the symbolism more than direct financial impact. You get 100 moves like this and it starts to become real money.
- deleted 9mo ago[deleted]
- nonethewiser 9mo agoIt's not a symbolic move by the pension fund. It's all of the fund's US treasuries.
- marcusverus 9mo ago100 moves of this size (~$10B) would make up 0.1% of foreign-held US treasuries (~$8.5T).
- mmkos 9mo agoI'd say each move like this increases the likelihood of the next one happening, and typically, nobody wants to be the last one holding the bag.
- rhubarbtree 9mo agoAnd the big European nations own ~ 23% of US debt. This is not a one-sided contest. Oddly, it does feel like trump is what europe needed to wake up from its slumber. With new AI / startup funding, the rebuild of their military, and opening up to china this could be the making of the EU into a true superpower. About time. Edit: percentage down from 30% clarify debt