We all know...sorta..that the economy in Red China is rocky. The rulers over there are good at playing with numbers so it's not crystal clear--but it's bad over there. That said, the ChiComs are cashing in a helluvalot of US Treasuries:
...something changed today, when in a violent move starting around the
time of the Trump election was guaranteed after midnight, the offshore
Yuan, the CNH, has been a one way street of non-stop selling,
indicative however, of much more than just the relative strength of the
dollar.
In fact, as the chart below shows, the selling in the Yuan appears to
be closely correlated to today's unprecedented liquidation in US
Treasurys [sic]...
What does that matter to Trump?
Simple. Dumping Treasuries increases the interest rate on those instruments. If the US is paying a higher interest rate on its debt--which it MUST do--that interest-paid number cannot be applied to other expenditures. And at $20Trillion in debt (Obozo's gift to us, the bastard), a half-a-point here or there makes a really, really, really big difference in the budget.
And Trump inherits that.
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