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Ha! Many politicians have plenty to gain if they can make the current administration look bad. And if China started selling US debt (instead of buying it) then
by fennecfoxen 12y ago
Ha! Many politicians have plenty to gain if they can make the current administration look bad. And if China started selling US debt (instead of buying it) then it might give the Republican party leverage in budget negotiations and deficit-reduction efforts, to boot.
US policy is not a monolith.
- banku_brougham 12y agoA little out of date. The trend of USD higher means China doesn't have to buy as much treasury. In fact I think recently bloomberg reported China is not a huge net buyer these days. I guess you would like citations, but here's the bottom line: The US ten-year is < 2%. Bunds are _negative_ rate out to 7 years. Rates are sinking worldwide, and the U.S. isn't producing enough paper to satisfy demand. So what you said doesn't make sense.