@[email protected] to World [email protected]English • 5 days agoCalls grow louder for Europe to deploy its ‘Big Bazooka’ in tariff negotiationswww.irishtimes.comexternal-linkmessage-square46fedilinkarrow-up1408cross-posted to: [email protected][email protected]
arrow-up1408external-linkCalls grow louder for Europe to deploy its ‘Big Bazooka’ in tariff negotiationswww.irishtimes.com@[email protected] to World [email protected]English • 5 days agomessage-square46fedilinkcross-posted to: [email protected][email protected]
minus-squareNotSteve_linkfedilinkEnglish21•5 days agoThat’s the nuclear bomb that I think every country is holding off using (for now)
minus-square@[email protected]linkfedilinkEnglish11•edit-24 days agoThat would be an embargo. This is more akin to sustained shelling between friends.
minus-square@[email protected]linkfedilinkEnglish6•4 days agoMaybe, but selling bonds would hurt the US more than other countries because of their high federal debt (if I‘m not mistaken).
minus-square@[email protected]linkfedilinkEnglish3•4 days agoAmong other reasons yes. Canada lead original sell off will likely accelerate and obliterate 10 year bonds.
minus-square@[email protected]linkfedilinkEnglish3•4 days agoSell the housesbonds to whom, fucking aquaman? (But really, who wants to buy bonds from a country with absolutely zero rule of law?)
minus-squareqazlinkfedilinkEnglish9•edit-24 days agoThat’s the point. Dumping US bonds on the market lowers their price, forcing the US to renegotiate at a higher interest rate. When aquaman is the only buyer, the US is fucked due to their enormous debt.
Sell USA bonds.
That’s the nuclear bomb that I think every country is holding off using (for now)
That would be an embargo. This is more akin to sustained shelling between friends.
Maybe, but selling bonds would hurt the US more than other countries because of their high federal debt (if I‘m not mistaken).
Among other reasons yes. Canada lead original sell off will likely accelerate and obliterate 10 year bonds.
Sell the
housesbonds to whom, fucking aquaman? (But really, who wants to buy bonds from a country with absolutely zero rule of law?)That’s the point. Dumping US bonds on the market lowers their price, forcing the US to renegotiate at a higher interest rate.
When aquaman is the only buyer, the US is fucked due to their enormous debt.