Redditsux@lemmy.world to News@lemmy.world · 15 days agoStrange sell-off in the dollar raises the specter of investors losing trust in the US under Trumpapnews.comexternal-linkmessage-square41linkfedilinkarrow-up1286arrow-down14cross-posted to: [email protected][email protected][email protected][email protected][email protected]
arrow-up1282arrow-down1external-linkStrange sell-off in the dollar raises the specter of investors losing trust in the US under Trumpapnews.comRedditsux@lemmy.world to News@lemmy.world · 15 days agomessage-square41linkfedilinkcross-posted to: [email protected][email protected][email protected][email protected][email protected]
minus-squareDr. BoblinkfedilinkEnglisharrow-up8·15 days agoYou are correct. “Bankrupt” is a little strong. But selling existing bonds back into the market while the U.S. is trying to issue new debt would not be great for America. I think dollar devaluation is 100% in the cards.
You are correct. “Bankrupt” is a little strong. But selling existing bonds back into the market while the U.S. is trying to issue new debt would not be great for America. I think dollar devaluation is 100% in the cards.
It’s already down like 8% ytd