☆ Yσɠƚԋσʂ ☆ to World News · 11 months agoChina Accelerates Sale of US Treasuries to US$27.3B in Sep; Total Amt Falls Below US$800B. The total amount fell to US$778.1 billion, a record low since mid-2009aastocks.com.hkexternal-linkmessage-square4fedilinkarrow-up136arrow-down12cross-posted to: worldnews@lemmy.ml
arrow-up134arrow-down1external-linkChina Accelerates Sale of US Treasuries to US$27.3B in Sep; Total Amt Falls Below US$800B. The total amount fell to US$778.1 billion, a record low since mid-2009aastocks.com.hk☆ Yσɠƚԋσʂ ☆ to World News · 11 months agomessage-square4fedilinkcross-posted to: worldnews@lemmy.ml
minus-square☆ Yσɠƚԋσʂ ☆OPlinkfedilinkarrow-up10arrow-down2·10 months agoWhile these are astronomic sums of money, it’s not going to have a huge impact on the overall US foreign reserves. I think the measure is mostly intended to insulate China from whatever is happening with the US economy.
minus-square201dberglinkfedilinkarrow-up3·10 months agoThat’s fair. I’d hope though at some point it might kick of a cascade and cause other countries to start dropping it too.
minus-square☆ Yσɠƚԋσʂ ☆OPlinkfedilinkarrow-up4arrow-down2·10 months agoOh I definitely expect that other countries are going to continue dropping US debt, we’re even seeing US vassals like Japan doing it now.
While these are astronomic sums of money, it’s not going to have a huge impact on the overall US foreign reserves. I think the measure is mostly intended to insulate China from whatever is happening with the US economy.
That’s fair. I’d hope though at some point it might kick of a cascade and cause other countries to start dropping it too.
Oh I definitely expect that other countries are going to continue dropping US debt, we’re even seeing US vassals like Japan doing it now.