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☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish ·
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1 year ago

Japan is on the verge of a $400 billion fire sale of U.S. debt. This could break the back of the Treasury market and devastate Americans’ finances.

www.cnbc.com

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Japan is on the verge of a $400 billion fire sale of U.S. debt. This could break the back of the Treasury market and devastate Americans’ finances.

www.cnbc.com

☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish ·
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1 year ago
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Will a Japanese Fire Sale Crash U.S. Debt?
www.cnbc.com
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Profligate government spending has institutionalized multitrillion-dollar annual deficits, which have driven up interest rates and left Treasury markets teetering on the edge. Now Japan is on the verge of a $400 billion fire sale of U.S. debt. This could break the back of the Treasury market and devastate Americans’ finances.
  • The_Jewish_Cuban [he/him]@hexbear.net
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    1 year ago

    Japan should just try communism. I hear it works great and then you can cozy up with your neighbors of Russia and China.

    • LarkinDePark@lemmygrad.ml
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      1 year ago

      Can’t really be communist and think you’re the supreme race at the same time though.

    • velox_vulnus@lemmy.ml
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      10 months ago

      deleted by creator

      • pinguinu [any]@lemmygrad.ml
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        1 year ago

        They’re anti-China. Sucks to be them smh

        • velox_vulnus@lemmy.ml
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          10 months ago

          deleted by creator

          • pinguinu [any]@lemmygrad.ml
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            1 year ago

            Oh? I thought they were anti-Soviet too.

    • OurToothbrush@lemmy.mlM
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      1 year ago

      A Japanese communist movement literally tried, they were put down by fascists.

      Also Russia isn’t communist lol

      • The_Jewish_Cuban [he/him]@hexbear.net
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        1 year ago

        I just mean it’ll give them access to this block. I don’t think liberals in Japan will jump ship with the west

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