Redditsux@lemmy.world to News@lemmy.world · 7 days agoStrange sell-off in the dollar raises the specter of investors losing trust in the US under Trumpapnews.comexternal-linkmessage-square29fedilinkarrow-up1192arrow-down12cross-posted to: world@lemmy.world
arrow-up1190arrow-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 · 7 days agomessage-square29fedilinkcross-posted to: world@lemmy.world
minus-squareDr. Bob@lemmy.calinkfedilinkEnglisharrow-up4·7 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.