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n. Illinois | You and everyone is ignoring one fact, The Federal Reserve can just print the money out of thin Air and they have done it in the past and they will do it again and there is no other Economy that is as resilient as the American one is. You think Japan is going to buy Chinese Bonds to replace their American Bonds? If so you need to read up on the history between the Chinese and Japan. They and the Chinese are not going to do a massive selling of their US Bonds because they would take a massive hit in value vs what they paid for them. IE they have a ton of 30 year t-bills earning sub 2%, Guess who doesn't want to book that loss? Now that the 30 year t-bill is 4.7% . So I call BS on the Original post | |
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A bond traders view on what happened April 9th
