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Danish pension fund divesting US Treasuries

reuters.com

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Re: Danish pension fund divesting US Treasuries

#121

Post by epolanski »

tomaskafka wrote: post #69
afavour wrote: post #42

It's symbolism. But it's important symbolism. Far more notable, I think, is Macron saying this morning that Europe needs more investment from China. Canada signing a deal with China to allow their cars to be sold in the country. It's all a sliding slope until it reaches a breaking point and falls off like a cliff. EDIT: to quote the Canadian PN earlier today: “American hegemony in particular helped provide public goo…

That sounds like a rhetoric for better negotiating power against Trump. Chinese are our adversaries (EDIT: enemies, they actually bankroll Russian invasion and supply weapons) and I hope president of France understands that.

I'm Italian/Polish, China has never done anything to me in history.

Whereas I remember multiple times our allies pillaging and colonizing the country.

Not a fan of their espionage, lack of IP respect and human rights record (albeit we should also look at ourselves on the last one as well). But those are things that could've been challenged diplomatically through economical levers imho.

The only reason China suddenly became the enemy is because their GDP growth put them as the world's biggest economy in few decades and Washington wasn't happy with this.

Re: Danish pension fund divesting US Treasuries

#123

Post by raincole »

csantini wrote: post #78

So much American exceptionalism is just the Dollar exceptionalism. Without the G7 piling up dollars, there is no American exceptionalism.

Dollar is the exception because the US is the exception (partially from luck, partially from its inherited geographical advantage), not the other way around.

Re: Danish pension fund divesting US Treasuries

#124

Post by woooooo »

saubeidl wrote: post #25
drstewart wrote: post #19

Earlier quoted context omitted.

"History buffs" that literally only know the Roman Empire and Hitler should probably try expand their purview.

I think Qing dynasty China might be a better fit.

Qing suffered a century of unequal treaties before they fell, they were the bullied and not the bully. (They were also medieval and isolationist which further hurts the comparison IMO).

Re: Danish pension fund divesting US Treasuries

#125

Post by earlyriser »

busterarm wrote: post #70
afavour wrote: post #42

It's symbolism. But it's important symbolism. Far more notable, I think, is Macron saying this morning that Europe needs more investment from China. Canada signing a deal with China to allow their cars to be sold in the country. It's all a sliding slope until it reaches a breaking point and falls off like a cliff. EDIT: to quote the Canadian PN earlier today: “American hegemony in particular helped provide public goo…

Canada needs cheaper cars than US manufacturers want to provide. US brand cars have all been going higher dollar and further up market in recent years. Quebec is famous for the "Quebec Special". Cars with manual everything. No AC. Manual windows. Completely stripped down to be as affordable/disposable as possible. Also the roads are absolute shit, they never wash off the salt, there used to be no inspections and titl…

Is this a thing? I have never heard about that, living in QC for the last 20 years and owned and rode dozens of cars. The car salesman looked at me as a rare species when I wanted a manual Soul. I have never seen an no AC or manual windows car here.

Re: Danish pension fund divesting US Treasuries

#126

Post by whimsicalism »

btbuildem wrote: post #73
afavour wrote: post #42

It's symbolism. But it's important symbolism. Far more notable, I think, is Macron saying this morning that Europe needs more investment from China. Canada signing a deal with China to allow their cars to be sold in the country. It's all a sliding slope until it reaches a breaking point and falls off like a cliff. EDIT: to quote the Canadian PN earlier today: “American hegemony in particular helped provide public goo…

It's not pure symbolism. The most effective way to reduce the global threat the US is appearing to pose more as of late, is to hit the dollar. The US economy is in a very precarious state, tensions along political ideology lines are high, and it would not take much more than a worsening of economic conditions plus a catalyst event to kick off armed unrest within the country. A new civil war that drives the US to frag…

I’m curious when people make comments like this, do they actually live in the US and believe this or has the media environment gotten so bad in Europe+ that people have no clue what’s real or not?

Re: Danish pension fund divesting US Treasuries

#128

Post by Devasta »

afavour wrote: post #42

It's symbolism. But it's important symbolism. Far more notable, I think, is Macron saying this morning that Europe needs more investment from China. Canada signing a deal with China to allow their cars to be sold in the country. It's all a sliding slope until it reaches a breaking point and falls off like a cliff. EDIT: to quote the Canadian PN earlier today: “American hegemony in particular helped provide public goo…

"How did you go bankrupt? Two ways: gradually and then suddenly."

--Ernest Hemingway

Re: Danish pension fund divesting US Treasuries

#129

Post by woooooo »

pixelpoet wrote: post #66
vdupras wrote: post #46

Earlier quoted context omitted.

Hey, it's nice that you came in signed up to HN to cheer for the USD. I think it's going to be needed to change the overall sentiment.

Yep, nothing signals stability and genuine sentiment like a bunch of brand new accounts swooping in and touting the strength of the dollar. HN seems totally fine with this behaviour too, also super reassuring.

HN trusts the community by giving us green text for the new accounts.

Re: Danish pension fund divesting US Treasuries

#130

Post by mym1990 »

epolanski wrote: post #113
alphazard wrote: post #94

Earlier quoted context omitted.

> It's symbolism. It's not. This is where the financial rubber meets the road, actions have consequences, and the rest of the world is looking at the US as increasingly unlikely to pay above inflation on its debts. The people managing the pension funds (if they are acting in good faith) really want to generate yield, and really want to preserve capital for the Danish people. They don't want to symbolically do those t…

There's no chance US will default on its debts, all it has to do is to print more money. Inflation may spirale, but it's going to be a US citizens problems (as well as US bond holders) in terms of inflation and budget cuts.

It will also be a global problem and not just US citizens, as the dollars underpins a vast amount of global wealth and trade.
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