cyrano@piefed.social to Europe@feddit.orgEnglish · edit-22 months agoCould Europe really leverage its $12.6tn pile of US assets?www.ft.comexternal-linkmessage-square11linkfedilinkarrow-up184arrow-down11file-text
arrow-up183arrow-down1external-linkCould Europe really leverage its $12.6tn pile of US assets?www.ft.comcyrano@piefed.social to Europe@feddit.orgEnglish · edit-22 months agomessage-square11linkfedilinkfile-text
minus-squarehuppakee@piefed.sociallinkfedilinkEnglisharrow-up7arrow-down2·2 months agoWhat i wonder is, if the value of us bonds tank who will lose money too and what will the world buy instead? Because hurting the US is one thing, but turning global financial system upside down could have some very undesirable side-effects.
minus-squareAtherel@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up9·2 months agoOr very desirable side-effects - depending on whom you ask.
minus-squarewonderingwanderer@sopuli.xyzlinkfedilinkEnglisharrow-up6·2 months agoAs the global reserve currency, if the value of the USD drops, the value of every other currency goes up relatively speaking
What i wonder is, if the value of us bonds tank who will lose money too and what will the world buy instead? Because hurting the US is one thing, but turning global financial system upside down could have some very undesirable side-effects.
Or very desirable side-effects - depending on whom you ask.
As the global reserve currency, if the value of the USD drops, the value of every other currency goes up relatively speaking