Miscellaneous News
- Thread starter bd popeye
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manqiangrexue
Brigadier
Hey, at least we don't send politicians to your country and incessantly nage and beg over and over again for you to buy our debt and betray your allies for us as we start trade and tech wars with you. Let the tariffs come; America wants its inflation back and it's welcome to have it.
Nope. External debt measures claims by foreigners on all U.S. debt securities (treasuries, agencies, corporates, municipals, private credit, asset backed securities, syndicated loans, and MBS). It is not specific to public debt. External debt is a measure of combined annual capital accounts - that the U.S. runs a current account deficit (and thus a capital account surplus) is entirely unsurprising due to low savings rates from a century of growth and stability obliterating risk perceptions. Further, that foreigners desire to buy all kinds of U.S. fixed-income investments is good - both for the liquidity and capital formation it provides, and as a testament to the enduring confidence foreigners place in US corporate management, future economic growth, and stable governance. Heck, even the instinctive reaction of state-owned investors in China like China Life and ICBC is to buy agency MBS with every dollar they come across. China having an underdeveloped fixed-income market that leads corporates to be heavily dependent on corrupt bank finance is well established (and for which the csrc has been attempting to fix, but flailing badly) and hence, the lack of foreign interest in Chinese bonds (even Chinese insurers like Ping An don’t buy many Chinese corporate bonds and just play it safe with CGBs, policy bank bonds, USTs, agency MBS, and U.S. IG corporates)
China simply has an unsustainable fiscal trajectory with its tax cut and spend policies. That is entirely unrrelated to the technical details of how the U.S. implements GASB.
The federal governments debt has a weighted average maturity of 5 years. The entire national debt will reprice in 5 years at substantially lower rates and thus federal interest expenses will reset to the same snooze they were throughout the 2010s.
Markets shrug off U.S.-China tension. Literally no U.S.-China headline breaks the S&P 500, particularly so since U.S.-China trade is a small portion of the U.S. economy, and the 301 tariffs that were supposed to be reigning fire and fury on the U.S. economy ended up doing nothing. Even the most ideologically dedicated free traders had to dig into the most obscurata of the census of agriculture to be like “oh if you see here, there are farmers with mid-sized plots in Linn County, IA growing soybean monocultures that saw a 3% decline in farm gate revenues”. Expecting a temporary doubling of treasury volumes to be the world’s most disastrous financial event is truly lol.
US treasury auctions are well oversubscribed from domestic primary dealers and the world ex-China. She wasn’t there to sell treasuries
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AssassinsMace
Lieutenant General
Trump is such a dumb idiot. His latest stupidity because everyone is saying Kamala Harris destroyed him in the debate is saying if he's President he's going to eliminate overtime pay from being taxed. I thought he was going eliminate income tax all together and foreign counties will pay American's income tax through imposing tariffs on all foreign products...
He's going punish countries for leaving the dollar. A recent example is Thailand who wants to join mBridge because using the dollar with another country not the US cost them more in the exchange. Of course Trump doesn't care about that. The US and the West have to set it up where the world has to pay a tribute to them because they're not going to be in control of world economics. And he forgets that countries like Thailand if they exporting products to the US, chances are it's a product outsourced by an American company who will be paying the tariff thus the American consumer ends up paying it.
On the news now, they're making fun of Trump not knowing how tariffs work. The thing is that's lie the US has long been telling Americans hence why Trump believes it. Back when Obama was President he slapped a tariff on tires. Because of him all tires in the US now cost at least double from before. Before you could get a good tire for that price. Now all tires are crappy when you're paying more than ever. Obama fooled Americans too on the assumption those tariffs were a tax on China. Telling the truth about tariffs is really a recent event.
manqiangrexue
Brigadier
Once in a while, you show a little life and I get to beat it right back outta you... You just ain't up to what you used to be.
And now you're doing that classic shit you always do, after claiming that America is better because it has lower external debt, then when that is proven false, claim that America is better because it has higher external debt LOL. Half the time, it boils down to you vs you.
“Finding buyers for US debt is the top mission of Yellen. From a medium-and-long-term perspective, China is disposing of US debt,” it says. “Who else will buy it? Japan is the biggest creditor of the US but cannot buy more. The United Kingdom is facing an economic recession and sold $30 billion of US debt in April.”
She's begged China for help on US debt, asked China to stop making so much stuff, and to not help Russia. Too many nonsensical requests earned her nickname "the Beggar" in China.
What do you mean, "nope?" You boasted that American debt was mostly in American hands and now I showed that that is much more true for China than it is for the US.
And now you're doing that classic shit you always do, after claiming that America is better because it has lower external debt, then when that is proven false, claim that America is better because it has higher external debt LOL. Half the time, it boils down to you vs you.
If China's is unsustainable, we'll see the US collapse first and then then decide if we need to do something about it.
5 years later is the imaginary situation in your head. The current situation is $1T in interest.
Markets "shrug off" a scenerio that I described that didn't happen. What is there to shrug off? Nothing at this point. What you wrote is irrelevent diarrhea... again.
That's not what this says.
“Finding buyers for US debt is the top mission of Yellen. From a medium-and-long-term perspective, China is disposing of US debt,” it says. “Who else will buy it? Japan is the biggest creditor of the US but cannot buy more. The United Kingdom is facing an economic recession and sold $30 billion of US debt in April.”
She's begged China for help on US debt, asked China to stop making so much stuff, and to not help Russia. Too many nonsensical requests earned her nickname "the Beggar" in China.
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AssassinsMace
Lieutenant General
i don’t know what the American version of “Kremlinology” is called, but Biden still holding onto that trump hat certainly indicates a deep dissatisfaction between Biden and the Obama Kamala faction.
Because these women are lazy and would rather not out in the effort to please their husbands even if it is just a duty. Only in the closeted homosexual west do they consider it normal for men to be in sexless heterosexual marriages because their leaders are gay.
He has been continuely debunked for the last 2000 pages, and continue to getting debunked. You are free to enjoy the punching bag. Seeya in like 2 month when you are bored.