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Danish pension fund divesting US Treasuries

reuters.com

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Re: Danish pension fund divesting US Treasuries

#161

Post by justin66 »

hightrix wrote: post #138
whimsicalism wrote: post #126

Earlier quoted context omitted.

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?

Do you have any criticisms to the parent comment? As an American, they seem pretty spot on to the current climate. I'd argue we've never been closer to civil war than we are today[0], primarily due to trumps regime invading cities around the country, kidnapping citizens utilizing a bounty program, and killing people in concentration camps. Ediot: [0] - Since the last civil war. I thought that was obvious, but it seem…

This comment:

A new civil war that drives the US to fragment into several independent regions over the course of the next ~five years would kind of be the best scenario from a global perspective.

is nutty.

Re: Danish pension fund divesting US Treasuries

#162

Post by triceratops »

adventured wrote: post #136
epistasis wrote: post #81

Earlier quoted context omitted.

When you say "nearly limitless" source of borrowing, the limit is the gain in global wealth. The US has been siphoning off a huge chunk of world wealth by printing dollars to serve as the currency for that wealth. All the people complaining about "US Debt" and $26T of "net investment" or whatever don't realize that this is/was the benefit of the US being stable, strong, and friendly. When the US is unstable, weak, an…

The US is more stable than the powers of Europe (which have constant political upheavals, snap elections that completely remake the political landscape, etc). You're confusing Trump's mouth with how the US political system actually functions. Just because the US changes political direction, that doesn't equate to instability. Its aims are changing, like it or not, good or bad. The US deciding it wants Greenland is no…

> Its median income is at an all-time high. Its median dispoable income is at an all-time high. Its housing wealth is at an all-time high.

Then why is everyone so damned unhappy all the time?

Re: Danish pension fund divesting US Treasuries

#164

Post by [deleted] »

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…

[deleted]

Re: Danish pension fund divesting US Treasuries

#166

Post by wnevets »

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…

Trump is making China great again

Re: Danish pension fund divesting US Treasuries

#167

Post by blibble »

adventured wrote: post #136
epistasis wrote: post #81

Earlier quoted context omitted.

When you say "nearly limitless" source of borrowing, the limit is the gain in global wealth. The US has been siphoning off a huge chunk of world wealth by printing dollars to serve as the currency for that wealth. All the people complaining about "US Debt" and $26T of "net investment" or whatever don't realize that this is/was the benefit of the US being stable, strong, and friendly. When the US is unstable, weak, an…

The US is more stable than the powers of Europe (which have constant political upheavals, snap elections that completely remake the political landscape, etc). You're confusing Trump's mouth with how the US political system actually functions. Just because the US changes political direction, that doesn't equate to instability. Its aims are changing, like it or not, good or bad. The US deciding it wants Greenland is no…

> The US is more stable than the powers of Europe (which have constant political upheavals, snap elections that completely remake the political landscape, etc). You're confusing Trump's mouth with how the US political system actually functions.

this is satire right?

the UK's system is close to 1000 years old

I doubt the current US system will last another decade

> with hundreds of global military bases

all of which will evaporate the moment it does anything to Greenland

Re: Danish pension fund divesting US Treasuries

#168

Post by palmotea »

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…

> 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.

Do you remember the situation that precipitated the Nazi takeover of Germany? Wasn't it hyperinflation and economic collapse? And you think it would be a good idea to push the US further in that direction?

You'll get worse, not better.

> A new civil war that drives the US to fragment into several independent regions over the course of the next ~five years would kind of be the best scenario from a global perspective.

Are you serious? That's an utterly insane idea. The best scenario from a global perspective is the US regains its stability. Europe is in no position to defend itself militarily, it relies on US support via NATO. I believe similar is true of Japan and other countries. A US civil war would only help Russia and China (Russia would gobble up Ukraine and who knows what else, China would take Taiwan and dominate/subjugate the rest of Asia, like Japan, in some fashion that non-Chinese nations wouldn't be happy with).

Also US polarization isn't regional (e.g. a big part is urban/rural). There's no "fragmentation into independent regions" that would really solve the problem.

Re: Danish pension fund divesting US Treasuries

#169

Post by alephnerd »

ahartmetz wrote: post #147
alephnerd wrote: post #120

Earlier quoted context omitted.

The EU can't mend ties with China without giving up on Ukraine as China's FM Wang Yi has stated [0] on multiple occasions [1]. Additionally, in the Chinese foreign policy space, the EU is viewed as weak [2], and largely through the lense of the US-China rivalry (which is how the US views the EU as well now). [0] - https://www.scmp.com/news/china/diplomacy/article/3316875/ch... [1] - https://www.reuters.com/world/chin…

Then we just need to wait until the Ukraine situation is over in one way or another. China doesn't give a shit about Russia except as a (pathetic) counterweight to the US, I think. I mean they probably care about Russia's natural resources, too, but somebody is going to sell them, including to China, no matter what. It's the biggest thing that Russia has going for it economically (cf. the resource curse).

> China doesn't give a shit about Russia except as a (pathetic) counterweight to the US, I think

China needs to keep close ties with Russia due to national security interests in Central Asia and North Korea. Additionally, Russia maintains its autonomy by retaining military and economic ties with India and military deployments and listening bases in Vietnam and North Korea, which adds pressure on China to have to collaborate with Russia.

> ...counterweight to the US...

Chinese foreign policy is almost entirely viewed through the lens of the US-China rivalry. Europeans underestimate this to their peril. And to China, an unaligned Europe is still not pro-China enough.

Re: Danish pension fund divesting US Treasuries

#170

Post by Arnt »

lostlogin wrote: post #44
bowmessage wrote: post #7

> $100 million Is that a lot? Seems relatively inconsequential in the grand scheme of things, but perhaps a warning of larger moves to come.

The other thread going on this topic says that Europe could sell about $10 trillion. That’s a lot, but also, it’s only a bit over 10 days trading at normal volumes (according to the numbers being discussed in this thread). https://news.ycombinator.com/item?id=46692052

The normal trading volume isn't really the key. Rather, it's how elastic the price is.

Suppose these guys sell 10% of the daily trading volume. How do the traders in the market react? One possibility: Buy at current prices. Another: Speculate that there'll be more sales and the price will drop by a couple of per cent in the coming days/weeks, and delay their buying in order to buy the dip.

I'm sure the Americans have laid plans for how to avoid a major Oops.

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