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Japan surpasses China as largest holder of U.S. debt
- Thread starter Banjo
- Start date
I didn't know the US had that much debt that Japan now owns more than China....I never knew all this outstanding debt could lead to such historical highs....I guess the more debt Japan and China own the higher the US market go, best risk free market in the universe, nothing can stop this mega rally now going on 6 straight years with gains of more than 200%
I've bought a few US treasuries in my day, and they never asked what country I was a citizen of. How do they know when a bond is sold if it is a chinc a jap or me who bought it? When I'm trying to sell a bond I don't give a shit what country the guy that is buying it from me is from. And if I was the United States government trying to sell debt, I would be very glad if the Japanese or Chinese or anybody thought it was worth buying.
Japan and china combined hold a modest amount of U.S. debt , very roughly about 7% each. The largest holder by far is the Social Security Administration. Very roughly 65% of U.S. debt is held internally and the remainder, ~35%, externally. The lead article is yet another fine example of idiot, yellow journalism.
not only that, If I'm a Chinaman, and I buy a US bond, the last thing I want is for USA to decline. It makes me worried about getting my money back.Japan and china combined hold a modest amount of U.S. debt , very roughly about 7% each. The largest holder by far is the Social Security Administration. Very roughly 65% of U.S. debt is held internally and the remainder, ~35%, externally. The lead article is yet another fine example of idiot, yellow journalism.
otherwise, I don't like the Chinese. Just don't trust them. Oh sure, I'll accept a loan from them, especially at less than 2%. But I won't loan THEM any money.
The most important thing when taking out a loan, or a mortgage is to make sure the lending organization is financially sound. I mean just think about it. Say, you take out a 500k mortgage from your local bank, and the next day they go bankrupt. What would you ever do?