China and Saudi Dumping US Securities to Balance Their Budgets

[william the wie]

While China and Saudi are among the biggest holders of US treasuries other oil producers, East Asian and EU countries are getting out of US securities to get money for their own internal problems. While a crash is not certain it is becoming more likely and may hit before the conventions and that could lead to knock on effects. Neither of the major party nominees nor their possible replacements are awe inspiring as leaders dealing with a major deflationary spiral, not that I can think of anyone who would be but still it's a problem.