WTH is with that headline? It is almost impossible to parse.
I passed on a different article, because I thought its headline was worse: “USD Firm After TIC Flows, China Trumped as Top Treasury Holder”.
A lot of people fret that China owns some overwhelming amount of our debt, like they have us on a string, that they could pull anytime.
The reality is really more the opposite, where China depends on it’s access to US markets, to keep some real cash flowing in, to prevent its super indebted economy from failing to meet its interest payments.
>>“USD Firm After TIC Flows, China Trumped as Top Treasury Holder”.<<
Just one tick better than “Zaphod Breeblebrox is one hoody frood”