dagblog - Comments for "Russia cuts Treasury holdings in half as foreigners start losing appetite for US debt"

Paul Ryan supports it, but

NCD — Tue, 19 Jun 2018 04:38:55 +0000

In reply to The Senate just tried to take

Paul Ryan supports it, but doesn't endorse it at this time, as he hasn't been thoroughly acquainted with the details.

The Senate just tried to take

artappraiser — Tue, 19 Jun 2018 04:19:51 +0000

In reply to I don't know nothing bout no

The Senate just tried to take away Trump's carrot so now he's having a temper tantrum with sticks?

US Senate rejects Trump's deal to lift ban on Chinese tech giant ZTE after intelligence warnings

@ BusinessInsider.com, 3 min. ago

The US Senate has disavowed President Donald Trump's deal to lift sanctions on Chinese tech giant ZTE.

The Trump administration had reached a deal to no longer prevent US companies from trading with ZTE, in exchange for a $1 billion fine.

But the Republican-controlled Senate voted 85-10 to pass a defense spending bill that would also overrule the ZTE deal. The amendment could be removed as the bill is reconciled with a House version.

Numerous Republican and Democratic senators said their vote related to national security issues after numerous intelligence warnings about ZTE this year.

[.....]

I don't know nothing bout no

artappraiser — Tue, 19 Jun 2018 00:27:26 +0000

In reply to Russia cuts Treasury holdings in half as foreigners start losing appetite for US debt

I don't know nothing bout no stocks and bonds, but I'd certainly advise it's time to stock up on any new clothing and assorted home goods you might need. (I'm hoping to keep the hordes away from my favorite resale shops as long as possible.)

Trump threatens additional tariffs on $200b worth of Chinese goods, 38 mins. ago @ Axios.com

Then there's this:

artappraiser — Mon, 18 Jun 2018 20:02:05 +0000

In reply to Russia cuts Treasury holdings in half as foreigners start losing appetite for US debt

Then there's this:

Paul Tudor Jones, who called the October 1987 crash, predicts inflation surge, bond price plunge

Paul Tudor Jones says there are bubbles in stocks and bonds.

"With rates so low, you can't trust asset prices today. And if you can't tell by now, I would steer very clear of bonds," Jones says in an interview with Goldman Sachs.

He predicts a rise in inflation and a surge in the U.S. 10-year Treasury yield.

[....] The hedge-fund manager blasted the tax reform bill and Congress' budget spending bill.

The Republican tax overhaul, which President Donald Trump signed into law in December, lowered the corporate tax rate to 21 percent from 35 percent. Jones forecasts inflation will rise as a result.

"I think the recent tax cuts and spending increases are something we will all look back on and regret. ... Together [they] will give us a budget deficit of 5% of GDP — unprecedented in peacetime outside of recessions," Jones said. "This reminds me of the late 1960s when we experimented with low rates and fiscal stimulus to keep the economy at full employment and fund the Vietnam War. ... We are setting the stage for accelerating inflation, just as we did in the late '60s." [....]

Other big-name investors have called out the overvaluation in the fixed income market and the perils of inflation. Warren Buffett told CNBC on Monday he believes long-term investors should buy stocks over bonds.

"If you had to choose between buying long-term bonds or equities, I would choose equities in a minute," Buffett said.

In his annual letter to Berkshire Hathaway shareholders released on Saturday, the Oracle of Omaha recommended investors stay in equities due to the negative impact from inflation on the purchasing power of fixed-income holdings [....]