But it’s even worse than that. The US has to rollover about 9 trillion of debt in 2025. Someone has to buy these bonds and if Japan or China are reluctant, it likely means higher interest rates to be offered in order to secure the sale.
Wow, I am rarely corrected that things are even worse from an economic standpoint than I asses they are… I am so very used to being called a hysterical paranoid doomsday fetishist.
Good summary, only one correction:
It will lead to an even worse Great Depression.
Great Depression 2.0 is already unavoidable in the US, even if Japan doesn’t dump US Bonds.
Japan (and others who would soon follow) dumping US Bonds would just pour cement over the grave we’ve already dug ourselves into.
But it’s even worse than that. The US has to rollover about 9 trillion of debt in 2025. Someone has to buy these bonds and if Japan or China are reluctant, it likely means higher interest rates to be offered in order to secure the sale.
https://finbold.com/9-trillion-of-us-debt-will-mature-in-2025-should-investors-be-worried/
Wow, I am rarely corrected that things are even worse from an economic standpoint than I asses they are… I am so very used to being called a hysterical paranoid doomsday fetishist.
9 trillion rolling over in 2025 huh?
Hwoahboy, we are fucking screwed.
… Good luck.