Financial MarketsDebtGovernment – deficits, debtBonds
Just about everyone is rushing in to lend more money to the profligate US government – except China, Russia, Iran (and me).
China has dumped $413b of US debt (one third of its peak holdings) since Trump started his trade war in 2018, and accelerated since Russia’s invasion of Ukraine.
But the UK soaked up all of that and more, increasing its holdings by $515b.
Ashley Owen
Dec 13, 2024
4