An increasingly important question, because someone always has to buy this debt – and it’s not just the Fed. But the share of foreign holders is waning.
“We are preparing for the possibility of further reductions to our schedules as the virus spreads.”
It’s not only Chinese tourists, business travelers, and property buyers who’re not showing up, but also travelers from all over the world who’ve gotten second thoughts about sitting on a plane.
Corporate America rerouted its supply chain to other countries.
On paper, this looked like a no-brainer.
US barely Cleanest Dirty Shirt among the manufacturing giants.
This scheme worked wonders for a while but has now run into trouble, and a lot is at stake.
If the US dollar loses its hegemony as a global reserve currency, it would be a sea change globally, and specifically for the US economy. Today, we got the next installment in that saga.
Ginormous numbers, FX swaps and spot trades, USD, EUR, JPY, GBP, Australian & Canadian dollars… but where the heck is China’s CNY?
Exports by China, Japan, and Eurozone under pressure — in part because of globally weak demand for new vehicles, which transcends the trade war.