Gilded Copper and Secret Peace Deals: Aug 2020

Because of the flu some important dimensions of our relationship with China have been overlooked.

Two months before the 2016 election I wrote a blog about the potential market reactions to Trump versus Hillary.  Below is an excerpt from that piece:

“For over two years I’ve voiced that one of the United States greatest economic and political vulnerabilities is if China decided to not show up one month to purchase our debt.  You see, every month we hold a treasury auction, where nations, banks, corporations and financial entities purchase government bonds from us.  We need them to do this because we don’t raise enough in taxes and tariffs to cover our budget. … Read the rest