China Owns US Debt, but How Much? https://www.investopedia.com/articles/investing/080615/china-owns-us-debt-how-much.asp
" If the Chinese suddenly decided to call in all of the federal government's obligations (which isn't possible, given the maturities of debt securities), it is very likely that others would step in to service the market. This includes the Federal Reserve, which already owns more than three times as much debt as China."
And by now... nearly everyone knows how best to take adv of the art of the deal maker - for something solid in return, give him some talking points - for something solid in return, give him some good feelings (praise him privately and publicly, give him a safe space with no triggers, sent him a nice letter or a gift, ... )
And his demands get lamer and lamer... his latest threat to china is he increases tariffs if xi doesn't meet with at at the upcoming G20. Trump: If President Xi does not attend G-20, more China tariffs will go into effect immediately https://www.cnbc.com/2019/06/10/tru...-tariffs-will-go-into-effect-immediately.html
...I actually think it's not a bad thing (all things considered) that the Donald is so easily distracted by shiny things (or one-armed tariff deals)... ...that he's shied away from the tried-and-true logic of the "...that's what the nukes are for ..." negotiation tactic he "used" with the illustrious leader of the North Korean empire. ...I suppose it's best to keep the radiation fallout from the Donald's tenure as localized as possible...
The funny thing to me about the GOP not revolting on Tariffs is that they are basically consumption taxes, slowing the World economy and doing a small service for Climate Change. People might get used to less conspicuous consumption if what was cheap and disposable becomes less cheap.
history repeats itself, it is certainly the case w Donald Trump thru his own admission, he had lost sight of the ball which led to the bankruptcy of his much ballyhoo casino his actions, thus far in the trade war w China, indicate that he doesn't know, nor cares, about economic pockets where the US is vulnerable pre-trade war >75% of US grown soy beans were intended to be exported to China ~80 of US's "rare earth" materials were imported from China https://www.cbsnews.com/news/rare-m...y-trade-war-with-china-60-minutes-2019-06-09/ rare earth" materials are used in A/C / refrigeration system, PCs, smart phones, F-35 bombers, Aiplanes, defense missiles, cars / trucks, battleships, submarines, etc. Trump's comment about Xi's attendance is another shiny object to divert attention away from US's economic vulnerabilities Meanwhile, China has stopped buying soy beans from the US, and is planning to stop supplying "rare earth" materials to the US
Maybe Trump isn't aware of any of those previous protocols? Wouldn't surprise me. Whatever the case, the bullying and I'll hurt you (even if it hurts me) tactic that is his mojo and literally the only thing he knows and knows well in deal making, should have a much better chance of working against weak party and government. This is why initially it seems possible that he did get those concessions. It extremely unlikely to work against someone like Xi or another dictator, who could choose to simply ride it out.
Where's the recession? https://www.wsj.com/articles/u-s-job-openings-outnumber-unemployed-by-widest-gap-ever-11560177822
Dude, you're right. The economy is so great right now? Take all your cash and buy more stocks up the ass! Put your money where your mouth is. You will not regret it
for the education of Red Rocket, data from the Labor dept doesn't answer the question you posed. it's just one branch of the forest. you need to interpret the data / announcement from the Fed; it's the whole forest we now know why, on Tue, 4 Jun 2019,the Fed Chair made this "anti-recession" announcement, hinting that the Fed may cut rates in order to counteract the recessionary forces induced by Trump's ever-expanding tariff follies newly published lagging economic indicators of recession, the basis for the Fed chair's "anti-recession" announcement https://www.crainscleveland.com/economic-outlook/us-payrolls-wages-cool-trade-war-weighs-economy avg hourly wage declined unemployment held at ~ 3,6% the US $ losing strength relative to major foreign currencies