Europe Starts Selling the USA — And We Gave Them a Reason

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Europe starts selling the USA, something I alluded to yesterday and again called a panic in by the well the usual types out there. You know, I think we just gave them a reason quite frankly, the Danish pension fund, aka, aka de Mijker pension managing $25 billion for basically Danish academic, their teachers and whatnot. It’s not a massive amount of money. It isn’t. But what was that Billy Joel song? We didn’t start the fire. Offloading $100 million in US treasuries by the end of this month. And they’re saying it’s due to credit risks from deficit spending and Trump’s

agenda, the chief investment officer called the US not a good credit long term. It’s a very tiny portion of their portfolio. again, Europe is the largest holder of US debt. Scott Besson’s been out and about. And it’s kind of making me nervous because she’s been kind of

Say, oh yeah, we’ve been having some great auctions lately. We’ve been having some fantastic, great auctions, great, great auctions.

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Look at the 10 year, look at the 30 year, look at where those yields are going. This is something, and again, people are gonna think I’m crazy. I mean, I gotta pull up the column, I really do. I can’t remember what the name of it was, it was years ago. Where I made the suggestion, I made the, I actually invited, I invited people who bought our debt globally to stop, to stop.

I mean, you’re just enabling us. Please stop enabling the United States with our profligate spending. Please put a stop buying our debt. force us. Force us to be fiscally sane.

Maybe, maybe it’ll be something that’ll good that will come out of this. Maybe, maybe bond rates will get all jacked up and maybe we’ll have to start showing a little bit of fiscal restraint. We shall see, we shall see. Watchdog on wallstreet.com.