The U.S. Could Seize China’s Treasury Holdings In Retaliation For The Wuhan Virus
There is one story that may be bigger than the elections, the riots and the pandemic, but it will take a few years to play out. The U.S. will convert China’s $1.4 trillion of Treasury notes to a trust fund for COVID-19 victims and economic damages. In other words, say...
China Threatens US Currency Intervention Would Lead To “Market Turmoil” And “Unprecedented Political Fallout”
When, for the first time in 11 years, Jerome Powell cut the Fed Funds rate by 25bps on July 31, something unexpected happened: the dollar spiked (in fact, the trade weighted dollar soared to a record high). And not only did the dollar spike as a result of a...
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