I'm not a finance expert, but this doesn't sound like a good scenario....
Reposted from
News Eye
🚨Bond market is in meltdown
China could now pull the coldest move in economic history. If it sells its Treasury positions, interest on debt will rocket & the US will go into a debt cost spiral.
It WOULD collapse the US economy. Trump has pushed the US to the edge of the cliff.
China could now pull the coldest move in economic history. If it sells its Treasury positions, interest on debt will rocket & the US will go into a debt cost spiral.
It WOULD collapse the US economy. Trump has pushed the US to the edge of the cliff.
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