2min chapter

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Is a Recession Bullish? (EP.275)

Animal Spirits Podcast

CHAPTER

What Happenes if China Stops Buying Our Treasuries?

I don't know that the yield curve has lost some of its predictive ability. I think a lot of people expect the fet to go away too far and really break it. What happenes when china stops buying our debt? They have a long time ago. The only answer is valuation. That's it. Jason's wag said, at this point, it's obvious international shares are pricedfor almost nothing but negativity. A drop in the dollar could be a double boost tor returns.

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