I'm always suspicious to the US Government official economic data, but even if a small part of this is correct, it would mean that the great wheel of events is getting some speed up:
“In Japan, the largest holder of Treasuries, investors culled their stakes in December by the most in almost four years, the Ministry of Finance’s most recent figures show. What’s striking is the selling has persisted at a time when going abroad has rarely been so attractive. And it’s not just the Japanese. Across the world, foreigners are pulling back from U.S. debt like never before.
From Tokyo to Beijing and London, the consensus is clear: few overseas investors want to step into the $13.9 trillion U.S. Treasury market right now. Whether it’s the prospect of bigger deficits and more inflation under President Donald Trump or higher interest rates from the Federal Reserve, the world’s safest debt market seems less of a sure thing -- particularly after the upswing in yields since November.”
Full text on “Bloomberg”:
America’s Biggest Creditors Dump Treasuries in Warning to Trump
And then, you can watch this excellent piece of interview with Michael Hudson, author of “J is for Junk Economics”, about the fake economy. Interview starts at 12:40
@lighteye/keiser-report-trump-s-first-hundred-hours-e1033
