Why did Trump just cave?
Because when the US borrows money it does so by selling Treasury bonds. Mostly to China, Japan, Europe.
Overnight there was a sudden spike in holders dumping their bonds.
Trump picked a fight with our creditors, and our creditors just won.
Because when the US borrows money it does so by selling Treasury bonds. Mostly to China, Japan, Europe.
Overnight there was a sudden spike in holders dumping their bonds.
Trump picked a fight with our creditors, and our creditors just won.
Comments
https://www.cbsnews.com/newyork/news/donald-trump-new-york-fraud-debt-500-million/?intcid=CNR-02-0623
We were on the verge of a full economic meltdown and Trump ducked.
Foreign investors own 23% of our debt, with Japan in the lead with 8% (China has been steadily shedding their US holdings for the past decade).
https://usafacts.org/articles/which-countries-own-the-most-us-debt/
📢 FKN assholes
He will have to get it someplace else!
Yep, Trump backed down big time, he had to.
He'll spin this as a win, but folks, he took the world economy to the brink.
IF ELON DOESN'T GET THE CONTRACTS
OUT OF OUR PAID TAXED DOLLARS
HE WON'T HAVE ANY TAXES TO PAY
CALL CONGRESS
202-224-3121
Do ELON a favor
DEFUND AND DEPORT
THE Miserable
EXCUSE FOR AN IMMIGANT
Illegals pay more Taxes
LET PUTIN
SEND HIM
and
DICTATOR DONNY
TO MARS WITH RUPLES
He doesn’t care.
F’n EVERYBODY except this slow motion clown car crash that laughingly calls themselves an administration.
Check bond yields
Glad to explain to a politician or journalist
https://bsky.app/profile/tw33tzr4kidz.bsky.social/post/3lmg4af4qak22
Probably
And how about those buyers now stop buying bonds?
Even more probable
The world just called his bluff.
He got in a three way brawl with Wall Street, his own GOP brawl and our foreign trade partners. The trade partners took a shot at our Achilles heel, our debt offerings ie the full faith and credit of the US. Want to hurt the US - dump your US debt.
This isn't over by a long shot.
Tariffs have been put on all parties at 10% or more. China at over 100%! Unclear guidance with Canada/ Mex.
System failure in the USA is obvious. Bonds strength is in stability, and now weakness shows.
Not that China doesn't have a ton of them anyway
Consensus from CNBC pundits is even though China could use “nuke option” of flooding market by selling off bonds/treasuries, there’s less-dramatic options involving currency manipulation Xi can use to put the pressure on DT.
Tax Bill Costs
Extend 2017 tax cuts $4.5T- $5T
Exempt Social Security $1.4T
Exempt Overtime Pay $900B
Raise SALT CAP to $25k $7B- $8B
Total estimated $8 Trillion
Gave his pals HOURS to position dry powder in the market.
If the SEC had any teeth they'd probably have a field day with his appointees and most of congress. I bet team billionaire made a shit-load today.
Americas Debt!!
yeah, it’s because dementia donnie is a hot fucking mess.
“trump’s likely going to have inflationary policies”
U.S. sends dollars to them. They MUST do something with them. If not buying our goods then they invest in U.S.
When trade deficits reverse, foreigners don’t have dollars to invest in the U.S.
Because the rich always steal thinking that you can't see it in the government!
AND WE ARE NOT STABLE!
Now he’s shown to the entire world he alone controls the global markets.
But we need to look at this in the context of “what would a criminal do in this situation”
Him and his ilk are making a duck load of money while the rest of us suffer and he’ll use this as leverage in the future.
Do as I say or I crash the economy
Kinda difficult to negotiate for countries to give you money, when they hold the "withdraw all your money immediately" card
Everything about him is fucking exhausting.
It is the unexpected behavior of bond holders that caused panic yesterday thus motivating those capable of some strategic thinking to scare him into backtracking - which also enabled them to profit ahead of announcement.
https://axorc.substack.com/p/no-mark-carney-didnt-sell-off-us
https://bsky.app/profile/rbreich.bsky.social/post/3lmg5here522q
The best way for Europe to deal with America is to redistribute wealth out of America.
We didn’t start this war but we have the means to win it.
Gimme a break
Tariffs… market crash… buy stock….
Remove tariffs… stock gain…sell!
Tariffs again…. Markets crash… buy
Remove tariffs again… sell again
Stock manipulation!
fElon still runs Tesla, so he has a lot to lose (even though Tesla stock continues to crater).
Here a grift, there a grift, everywhere a grift, grift!
He's the house.
He holds all the cards.
He decides red light/green light.
He sets the slot payouts.
He bankrupted a casino the same way.
Money out the back door, never out the front door.
They are not covered under potus protections (yet).