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2017-02-28 — caseyresearch.com
Japan and China are America's biggest creditors. Together, they own more than $2 trillion worth of U.S. government debt. Bu they're not the only ones pulling out of the U.S. Treasury market, either. Saudi Arabia, Belgium, and Switzerland have recently become net sellers, too. This means they're selling more Treasurys than they've been buying. Â If this continues, the U.S. government could be in big trouble...
In the last few weeks, Trump has accused Japan and China of manipulating their currencies. On Friday, he called China the "grand champions" of currency manipulation. Now, Trump may have a point. But let's be honest. He's not doing America any favors by attacking its largest creditors. If he keeps this up, China and Japan could retaliate by selling even more Treasurys.
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