Global central banks are unloading America's debt.
In the first six months of this year, foreign central banks sold a net $192 billion of U.S. Treasury bonds, more than double the pace in the same period last year, when they sold $83 billion.
China, Japan, France, Brazil and Colombia led the pack of countries dumping U.S. debt.
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WNU Editor: These Central Bankers are watching the U.S. election and the polls very closely .... and they see a Hillary Clinton victory and a continuation of a policy that they are not comfortable with. Hence .... the sell-off.
1 comment:
If they don't like the policies and I suspect they don't as few Americans really like them either, I wish they'd speak up. If done so constructively, the American people would listen to them as would much of the government. I suspect many in the world are silently hoping for a Trump victory.
While I'm not as "bullish" on the prediction as I once was, my prediction of a Trump victory is unchanged. I had assumed Mr. Trump would do a better job of getting his tongue under control and that the Republicans would have united behind him by now. In other words, I expected the Republicans and their leaders to do in masse what sensible people do when they are faced with two choices and neither of them are particularly good. Swallow hard, grit one's teeth and take the least bad choice which for them would clearly be Mr. Trump.
When he does win, I can't help but notice that many people seem to be woefully unprepared for this and don't seem to be considering the possibility. I suspect this is because being wed to an ideology can cause people to make stupid decisions.
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