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12/01/2020

Liberty Pulse

Have You Checked Your Pulse Today?

The Dark Gray Swan: No More Foreign Dollars With Which To Buy US Treasuries

1 min read

The Dark Gray Swan: No More Foreign Dollars With Which To Buy US Treasuries

Could the next black/green/dark gray swan be so obvious that it has avoided everyone? Well, except for the deputy governor of the Bank of China, who just gave the world a startling reminder of economics 101, when he said that it is “getting harder for governments to buy United States Treasuries because the US’s shrinking current-account gap is reducing the supply of dollars overseas.” Oops

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