America’s ‘Achilles heel’ of national debt is exposed by Trump’s Greenland tariff threat, warns Deutsche Bank

[JimH52]

MSN

www.msn.com

Deutsche Bank’s Jim Reid highlighted that Liberation Day tariffs in April were stepped back a week later, after U.S. Treasury yields saw a “scary” session as investors retreated to safety, away from American borrowing.

“Financial markets may play a big part in how this situation resolves itself,” Reid wrote in a note to clients this morning. “The main Achilles Heel of the U.S. is the huge twin deficits. So while in many ways it feels like the U.S. holds the economic cards, it doesn’t hold all the funding cards in a world that will be very disturbed by the weekend’s events.”

Investors, analysts, and world leaders have long wondered when—or if—a debt crisis would occur in one of the nations burdened by a massive deficit. While the likes of Japan, the U.K., and France are by no means balancing their books, America’s $38 trillion deficit dwarfs its counterparts. While a great deal of that debt is held by the public (including the Fed, where President Trump is also in hot water), vast sums are also owned by foreign governments and overseas investors.

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So Europe has some very effective tools to offset the tariff threats of trump. They are not designed to be implemented against allies, but trump does not seem to be an ally to Europe at this point. And who loses, if trump and Europe go through with their plans. We, the American consumer loses, by paying more for goods. THANK YOU DONALD!

 

[C_Clayton_Jones]

but trump does not seem to be an ally to Europe at this point.

He’s not – he’s an enemy and a threat.

And Trump’s reckless, irresponsible tariffs are a threat to Americans.

 

[martybegan]

MSN

www.msn.com

Deutsche Bank’s Jim Reid highlighted that Liberation Day tariffs in April were stepped back a week later, after U.S. Treasury yields saw a “scary” session as investors retreated to safety, away from American borrowing.

“Financial markets may play a big part in how this situation resolves itself,” Reid wrote in a note to clients this morning. “The main Achilles Heel of the U.S. is the huge twin deficits. So while in many ways it feels like the U.S. holds the economic cards, it doesn’t hold all the funding cards in a world that will be very disturbed by the weekend’s events.”

Investors, analysts, and world leaders have long wondered when—or if—a debt crisis would occur in one of the nations burdened by a massive deficit. While the likes of Japan, the U.K., and France are by no means balancing their books, America’s $38 trillion deficit dwarfs its counterparts. While a great deal of that debt is held by the public (including the Fed, where President Trump is also in hot water), vast sums are also owned by foreign governments and overseas investors.

​

So Europe has some very effective tools to offset the tariff threats of trump. They are not designed to be implemented against allies, but trump does not seem to be an ally to Europe at this point. And who loses, if trump and Europe go through with their plans. We, the American consumer loses, by paying more for goods. THANK YOU DONALD!

They have no tools. anything that would damage the US economy would damage their own economies.

Europe and the American left are just not used to the US standing up for itself.

 

[JimH52]

He’s not – he’s an enemy and a threat.

And Trump’s reckless, irresponsible tariffs are a threat to Americans.

He needs to be stopped. The idea that we can wait until after the primaries or the mid-terms is ridiculous. That may be too late. Either repubs rise up and stop him or they will suffer immeasurable loses in November. No one, except maybe the most loyal Magats, thought they were voting for a Mad Man.