While the European countries have brought their spending under control, the US president’s tax cuts and defence spending will lead to increased borrowing
It’s still not comparable to Italy or Greece, because the US prints its own money while Eurozone nations can’t.
The real problem is less that the US is accumulating debt and more that it is destroying demand for dollars with sanctions. If China doesn’t want USD anymore then every dollar still on the market becomes less valuable.
It’s still not comparable to Italy or Greece, because the US prints its own money while Eurozone nations can’t.
The real problem is less that the US is accumulating debt and more that it is destroying demand for dollars with sanctions. If China doesn’t want USD anymore then every dollar still on the market becomes less valuable.
Yep, if China is selling of its US bonds, they we have to ask who is going to buy them. Overall weakens the USD.